Investor Update
The S&P 500 continued its strong rise through October, driven by tech and health care, but it had a weak start to November. While we do not forecast the stock market, analysis of historical trends shows the brief downturn in the quarterly rate-of-change late last year and early this year offers little insight into how long the current quarterly rate-of-change upswing will last. More important is whether investors foresee a softer economy than we currently expect and how effectively AI contributes to bottom-line results.
