NEWSLETTER: SEPTEMBER 2023
Friday, September 15th
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 VOLATILITY IS EXPECTED OVER THE COMING MONTHS: The market has had several large swings up and down over the past month and continues to signal overall weakness. Apple, the largest company in the stock market, has not been able to recover its most recent losses which is often an early warning sign of what can be expected from the markets in the coming months. We continue to monitor these signals and indicators to make the necessary adjustments to our strategies.
- CPI ON THE RISE AGAIN: The latest CPI number increased from 3.2% to 3.7% as gasoline prices have spiked again. While the FED is likely to keep rates unchanged after their meetings next week, the expectation of future rate increases is on the rise if inflation continues to trend upwards.
- LATEST ECONOMIC INDICATORS: As of August 31st, the recession indicators remain unchanged with 10 indicators signaling Recession and two signaling Caution. The probability of a recession within the next 6-9 months remains above 60%.
Below are the latest economic recession indicators as of August 31st.
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.