Oil
5-year graph of oil.

5-year graph of oil.
5-year graph of gold.
The S&P500 was down 4.87% in September, bringing its YTD return to 11.68%. The Dow continued to significantly trail the S&P 500 YTD, up 1.09%.
August job creation is now more in line with pre-pandemic trends. US Q2 GDP was revised down from 2.4% y/y to 2.1% y/y on weaker inventory and trade contributions.
In case you missed it, you can watch last night’s webinar here.
Goldman Sachs expects the first Fed rate cut to occur in mid-2024 and expects no more hikes this year.
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