Stagflation vs. Recession

Published on September 3, 2024

In our view, stagflation scenarios tend to be worse for balanced portfolios than recessions.

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Other news

ISM Manufacturing Index Contracts for 5th Straight Month

September 3, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) inched up to 47.2 in August but remains in contraction territory for a fifth straight month. The index has now contracted for 21 of the past 22 months. The latest reading was worse than the forecast of 47.5.

Quant Street September 2024 Investor Letter: All Eyes on the Fed

September 3, 2024
After a bit of an early-August swoon, the stock market came roaring back in the last few weeks of the month. The S&P 500 finished up 2.4%, though certainly in the early days of August, that did not feel like a particularly likely outcome. In client conversations a few days into the selloff, our feeling was to stay put and not tinker with the portfolios we suggested in early August.