Archive for October 2023
Q4, 2023: Drained
Growth, Inflation & Policy As of October 23, 2023 Economic Activity The Conference Board’s Leading Economic Index (LEI) has been negative for 18 consecutive months and continues to signal a looming recession and subsequent slowdown in economic activity. However, estimates for the severity of the recession eased over the quarter, with the Conference Board forecasting a…
Read MoreQ3, 2023
Summary As of October 13, 2023 The S&P 500 ended September down 3.3%, reinforcing September’s reputation as the worst month of the year for stocks. The Bloomberg U.S. Aggregate Bond Index, which ended the quarter down 3.2%, is down 15% over the past three years in the largest three-year decline in history. Strategic Petroleum Reserve…
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