The week 29.08.-02.09.2022

Major US indexes finished the week down again and hereby ended the month of August in negative territory, with the S&P 500 finishing the week with -2.73%, marking the third weekly loss in a row.
The major US market indexes sank 3% to 4%, marking the S&P 500’s third weekly loss in a row. The labour market in the United States did not create as many new jobs in August as it did in July, but the latest month’s rise of 315,000 was slightly higher than most experts expected. The unemployment rate increased to 3.7% from 3.5%, but this was due in part to a surge in Americans entering the labour force in search of work.
One-Signal outperformed it’s benchmark index for another week, with Xpert returning 0.30% and Xpress -1.69%. Year-to-date, One-Signal is up 48.64%, compared to the S&P 500 with -17.87%.
We are looking forward to seeing what the month of September will bring, considering it is historically the worst month for US equities.