Leading Indicator Watch | Sept. 8, 2023

AUTHOR: Kerry Hilsabeck, CFP®
TITLE:       Investment Adviser Rep
TAGS:   Jobs, Factory Orders, Yield Curve, Services, S&P 500

Yield Curve leads our discussion this week: 2’s & 10’s remain inverted. 2-year yields rose to 4.98% from 4.87% and 10-year yields rose to 4.26% from 4.18% as strong areas of the market firmed the Fed’s position that rates may be higher for longer. Equity markets fell as a result. Prices & rates move in opposite directions.

Be sure to check out more of last week’s leading indicators here and stay tuned for Market Thoughts.

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