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Sep 08 2023

Confidence Cracking?

  • Sep 8, 2023

After hovering near the highs of the post-COVID expansion, in August, the Present Situation Index turned down, and is now below its 10-month moving average for the first time since December. When this measure is at a high level, but declining (like now), it is the worst backdrop for stock performance.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager