August was a relatively quiet month, with trading volumes below historical averages and equity share prices experiencing modest appreciation. We continued to see a sector rotation out of defensive sectors ( healthcare, staples, utilities) into more cyclical sectors (technology, industrials, financials), presumably given the somewhat dovish message from the Federal Reserve that conditions are not yet perfectly aligned to support another rate hike. Simply put, in a low interest rate, low growth world, investors continue to seek growth wherever they can find it. In the case of August,  investors sought small cap and emerging market equities as well as more equity-like  high yield bonds; investment grade bonds and developed market equities were flattish.

 
 
Over the previous several newsletters, we explored the security and privacy pitfalls of our increasingly digital world.  The convenience and ease created by the technology we use each and every day has made our personal and confidential information increasingly vulnerable to theft and misuse.  Despite the vast catalog of tools and software designed to help us protect our digital data, none of them can help when we, the end user, are ultimately the weakest link.  Our own bad habits and lack of awareness of the threats facing us every day are often a major factor in the theft of our personal data / identity.  Luckily, better habits and greater awareness around our privacy needs and the threats we face are both within our grasp.  To this end, below we explore several simple, yet effective, information handling best practices that we hope you consider when trying to protect your digital identity.