Tony Welch, Chief Investment Officer at SignatureFD, presents an overview of some economic and market data we believe is worth paying attention to, identifying what data may be most impactful to help you sort through the abundance of information available.
This month’s talking points include:
- The stock market is exiting its seasonal worst period of the year having experienced a correction. Seasonal trends and sentiment are supportive of a yearend advance.
- Fundamentals are improving and the economy has remained resilient. That is important because valuations, especially relative to interest rates, are not especially compelling yet.
- As we begin to think about next year, we believe the economy has some important moats that can keep activity in expansion mode for longer than the consensus currently believes.