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
We look back at what happened over the last 9 months of the year.
Q3 is in the books in what has been, so far, a pretty historic year (mostly for negative reasons except for seeing Tim finally throwing away a hideous pair of shoes he brought to Europe that my mother quite seriously rated a 0/10 - picture included at the end of this Update...).
Price action has been bad across asset classes, with both bonds and equities deep in the red for the year (with total losses equivalent to 40% of global GDP), which obviously doesn’t bode well for all of those 60/40 portfolio strategies out there.