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Economic Analysis

Rough Seas: September 30, 2023

Rough Seas
Good morning, and welcome to the Weekender for Saturday, September30, 2023. As measured by the S&P 500, equity markets were marginally lower by -0.7% last week. For the past two months, equity markets have been softer. However, the moves lower should not be interpreted as a correction. Most broad index moves lower came from a blow-off of the froth of large technology companies with heavy weights in indices like the S&P 500.

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