Weekly Market Recap - Friday, 14-Aug

US equities were mostly higher this week though upside was limited. The S&P 500 and Russell 2000 were both up for a third-straight week, setting fresh record closes this week. The momentum trade was a standout this week, notably for memory and select AI infrastructure names, while semis were also broadly higher. Laggards included off-priced retail, department stores, athletic apparel,…