Something Is Happening
While most of the country assumes the debt ceiling debate is a non-issue, we believe, markets are quietly beginning to show symptoms of distress.
In this week’s market update, we are going to tackle what we think are the rising risks associated with the debt ceiling debate, the continued mess with the regional banks and how that contagion is showing signs of spreading to the larger financial institutions and lastly, what we believe a narrowing in stock market breadth may be signaling about the broader market and economy.
Key Takeaways
- Credit risk continues to rise across the U.S.
- We believe economic growth is showing signs of slowing as jobless claims rise
- Inflation decelerated for the 12th straight month
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