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Aug 05 2023

Barely Above Water

  • Aug 5, 2023

Our latest ratio is a dismal 1.01. The “one-month” result is usually by far the strongest reading of a quarter (long-term average ratio of 1.85). You have to go back to July 2020—the depths of the pandemic—to find a worse “one-month” reading.


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About The Author

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