Weekly Commentary | October 22, 2023 | "Proceed Carefully"
Summary
Stocks were lower due to unease about rising interest rates, but Federal Reserve Chair Jerome Powell suggested policymakers are in no hurry to tighten policy further.
The de-inverting of the yield curve is a key signal for a recession, and there are indicators that suggest a recession may be on the horizon.
Taxable CEF discounts reached the 92nd pe…
