Homrich & Berg says inflation stays above Fed target, weighing on stocks and bonds

• Homrich & Berg flagged steady US growth signals, persistent inflation pressure, rising long-term rate expectations despite Fed jawboning.
• US stocks fell 0.5% in July; Russell 3000 growth dropped about 5% versus value, worst relative month since 2001.
• Momentum factor slid nearly 8%; value, quality, defensive stocks outperformed while tech lagged amid a growth-style unwind.
• AI-linked stocks fell over 14% since early June; non-AI stocks gained about 5%, keeping the equal-weighted S&P 500 near highs.
• FOMC held rates; markets priced about an 80% chance of a September hike; 30-year yield rose to about 5.2%, highest since 2007.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Homrich & Berg Inc published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.