News and Quarterly Updates

Hello Valued Client,

Brief Market Update:  Please take a few minutes to read some brief comments on the markets and the current economic recession indicators. 

• MARKET RALLY HAS CONTINUED BUT IS SHOWING SIGNS OF WEAKNESS:  The rally that began in November has continued into December.  Many indicators are now showing the market is overbought and due for a pullback.  We continue to monitor these signals and indicators to make the necessary adjustments to our strategies.
• CPI REMAINED THE SAME AS LAST MONTH:  The latest CPI number dropped slightly from 3.2% to 3.1%.  Following the FED meeting where the FED chose to leave rates unchanged, Jerome Powell seemed to signal the likelihood of rate decreases sometime in 2024.  Historically, rate reductions coincide with economic weakness which means the FED is concerned about the economic growth in 2024.
• LATEST ECONOMIC INDICATORS:  As of November 30^th, the recession indicators remain unchanged with 9 indicators signaling Recession and three signaling Caution.  The probability of a recession within the next 6-9 months dropped to 52%.   

Below are the latest economic recession indicators as of November 30^th. 

All the best,

Matt Deaton, Managing Partner

Acute Wealth Advisors

4856 E. Baseline Rd., Suite 104 | Mesa, AZ 85206

P: (480) 620-6907 | F: (800) 537-4185

Investment advisory services offered through Acute Investment Advisory, a Registered Investment Advisor. Insurance and annuities offered through Acute Wealth Advisors, LLC.