Charts
Charts of the Month - September '23
The Big 7 vs. The Old Guard, The U.S. Consumer - Not Dead Yet, and The Dirtiest Cities in the World
Markets
Market Sell-Off: What's Next?
Quantitative Tightening, Market Sell-Off, and the Corporate Put is Back
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9 min read
IN THIS PUBLICATION:
- The Fed has begun reducing its balance sheet at an annual pace of 11%, which is faster than 2017 and 2019 (the last time they tried to *unsuccessfully* do so).
- If the Fed eventually pivots, then the current correction may allow opportunistic entry points, especially within tech.
- Corporates are buying back shares at the fastest pace on record, despite the increasing risk of layoffs if the economy enters in a recession.
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