Q3, 2023: The Running of the Bulls (and Bears)

Growth, Inflation & Policy As of July 28, 2023 Leading Economic Indicators The Conference Board’s Leading Economic Indicators (LEI) is used to forecast future economic activity. Since 1988, the U.S. LEI has dropped below zero over a six-month period on ten occasions. On five of those occasions, the LEI has dropped below -4%, signaling a recession…

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Q2, 2023

Summary As of July 19, 2023 The first half of 2023 has been anything but ordinary—from a banking crisis in March and a near-miss with a U.S. debt default to the flurry of excitement in Artificial Intelligence and anything related to it. On the surface, U.S. stocks continued to push higher during the quarter. The…

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