U.S. equities climbed to record highs in October as the economy showed steady growth, businesses reported stronger activity, and consumer spending remained solid. Investor confidence was boosted by robust corporate earnings, easing U.S.-China trade tensions, and optimism that borrowing costs could soon ease, though some uncertainty persisted as the Federal Reserve signaled it wasn’t yet ready to cut interest rates.
While these positive market movements continue, many investors are asking questions about traditional economic indicators and what they might signal.
Our latest Market Insights report examines the yield curve’s historical role as an economic indicator and explores the ongoing discussion about recession forecasting tools.