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Dec 07 2022

Earnings Momentum

  • Dec 7, 2022

After a decent start with the Q3 “one-month” reading, the ratio is back down in familiar territory; every quarter this year has now registered a “two-month” reading between 1.04 and 1.08. Values in that range have always been associated with a recession.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager