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Invesco High Income 2023 Target Term Fund of Beneficial Interest
(This report was issued to members of Yield Hunting on Aug. 30. All data herein is from that date.)
Macro Picture
Equities continued to advance to new highs though the rate of change continues to decline. The S&P 500 is on track for its best performing month of August since 1986. The catalyst continues to be slowly improving economic data on top of vaccine sentiment. The Dow Jones erased all of its losses for the year this week and is now up 0.40% (the S&P 500 is up 8.6%).