Second Quarter GDP Growth Beats Expectations

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Despite an uptick in Ukrainian/Russian tensions, equity markets surged through a light-volume holiday week to finish off August on a high note. With the week’s advance, the S&P 500 broke through the 2000 level for the first time and delivered its best month since February and its best August since 2000. Ten-year Treasury yields hit their lowest levels in more than a year, trading as low as 2.33% last week.

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