DC Lite #211
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1. CFO optimism. "Despite increased concerns around the health of the overall economy and some uncertainty related to the upcoming election, respondents said they still expect employment and revenue growth in the third quarter."
2. Jobless claims. Initial claims dropped unexpectedly to the lowest in 4 months while continuing claims rose by 13k to 1,834k.
3. Recession erased. "Remember the 'technical recession' (two quarters of negative G.D.P. growth) in early 2022? Turns out it never happened."
4. Rolling returns (I). Chart shows rolling 1-year returns for major US benchmarks and large-cap sector ETFs relative to their own history.
5. Global earnings revisions. "More analysts have downgraded than upgraded global expectations since late June."
