August 2026 Sector Allocation Update

Please CLICK HERE to download the sector allocation report in PDF format.

MARKET RECAP

In July, the S&P 500 moved in what we would call a sideways consolidation pattern. The broader index slipped 0.1% last month, though the tech-heavy Nasdaq Composite fared worse, declining 3.2%. 

AI Selloff

Perhaps the most visible trend in July was the AI trade-selloff. Stocks in the "bottleneck" areas, memory $DRAM and semiconductors $SMH, including South Korean stocks, were hit particul...

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