Our Thoughts
What’s in store for Q4
Uncertainty is ramping up. Most notably, expanding geopolitical tensions and US election rhetoric, extreme market valuations, and unsustainable national debt.
Normal Pullback or Deeper Correction?
With the Fed's perceived strong arm on monetary policy and the recent US debt and banking institution downgrades (possibly more on the way), a continued decline in leading economic indicators, and the Chinese economy blowing up, investors are suspicious that the current path will produce any positive outcome.
Bank runs and 54% chance of recession?
If you recall, in last month's market outlook I remarked that I am cautiously optimistic (read here). I likened my cautiousness to the yellow flag that is waived in a formula one race.
Reduce speed, do not overtake, and be prepared to change direction.