ACWI is trading at $152.75, down -4.95% in after-hours trading, with the decline appearing primarily driven by hawkish Federal Reserve July meeting minutes.
- Several policymakers were prepared to raise rates if inflation remains elevated.
- The signal pressured global growth-oriented equities, particularly ACWI’s sizable technology exposure.
- Treasury action doubling long-duration bond buybacks earlier supported stocks and lowered yields, but the Fed message likely outweighed that relief in late trading.