On the SPOT™ blog (09/25/2023) [M..]
- Salyl Bhagwat
- Sep 25, 2023
- 3 min read
Chicago Feds' National Activity Index showed a -ve reading for August suggesting below average growth for last month. The read was +ve in July. The number seems reasonably considering that Feds' tight fiscal policy is meant to have a controlled slowing of the economy to achieve a soft landing. Treasury yields climbed and DJIA appears to be in the slight red while S&P500, Nasdaq Composite are in mild green this morning (PST). September seems to be living up to its reputation with respect to stock market.