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

If you like our research, you may consider supporting it with a small donation. Many thanks in advance, anything is welcome!