InsideArbitrage Special Situations Newsletter: November 2023

At the start of this year most market participants, myself included, expected a recession in the second half of 2023 given the fastest pace of interest rate increases we have seen in a generation. Instead of a recession, the economy appears to have accelerated. From a revised Q2 2023 GDP number of 2.1%, we now have an advance estimate of 4.9% for Q3 2023 GDP. So much for the predictive capability of inverted yield curves and worries about a hard landing.

Only plus or premium subscribers can access this post. Subscribe today.