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Dec 07 2023

Everything Looks Late Cycle

  • Dec 7, 2023

Our ratio reads 1.15—a nice bounce from the alarm-ringing “one-month” figure of 0.94 at the end of October. Still, this result is very much in the range of the past seven quarters’ “two-month” readings, which have an abysmal tally of 1.10 on average.

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About The Author

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