This week, CEO Eric Boyce, CFA discusses:
1. Third quarter GDP growth looking like 2% annualized
2. Leading indicators have troughed; however, beige book and other indicators suggest slowing economy
3. Labor market continues to slow, as desired by the Fed; inflation and labor trends provide vast cover for interest rate declines this month
4. Service PMI still positive; manu
facturing/construction back in decline
5. Yield curve un-inverted this week for the first time in 783 days
6. Stocks typically are weaker in September; also weaker in two months heading into Presidential election (usually get post election bounce tho)
7. increased volatility overall as of late - should create opportunity for small caps and equal weight S&P over time
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