According to this wonderful chart from Carson Investment Research and Ryan Detrick, the dismal performance of the US Stock Markets since July is not necessarily a bad omen. Often when the market is down in August and September (which happened last year in a big way), performance for October and the rest of 4Q23 is usually good. Earnings to the rescue? Could be, but rates absolutely have to stop going up!
#investing #macro #centralbanks #fed #interestrates #fixedincome #equity #stockmarket #sp500 #volatility
Chart from Carson Investment Research H/t Ryan Detrick
Inflection Point Tom Baldacci http://www.inflectionpoint.blog
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