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The Economy is Switching Gears. Important Things to Consider for Q4 2023 and Beyond
For most of 2023, investors have been switching gears in this economy against an ever-evolving macroeconomic backdrop. From the war in Ukraine to the Middle East, social anxiety is up. Even the economic growth of the top ten companies in the world isn’t enough to abet fear. Beyond that, inflation has proven to have staying power. Currently, the economic growth in the US is supported by resilient consumers. Many of them are dipping deeper into their savings and investments while also spending on credit. However, there have been signs of a rally in energy prices while consumer pessimism climbs. People are tired in 2023 and are in need of a…