"The IMI’s Risk Appetite Index has fallen to -26% in September from -20 in August"
The Tech sector's YTD gain has been driven entirely by earnings growth
Newsletter writers are the most bullish since late 2024
"The bond market is 'bracing' for a significant uptick in volatility"
"Consumers expect their seasonal spending to decline on average by 5% from 2024 — the first notable drop since 2020"
"2025 in Two Charts"
