QUOTE OF THE WEEK “When you practice gratefulness, there is a sense of respect toward others.” – Dalai Lama TECH CORNER Not much to report this week. So far this month the bond market is down about 3%, the S&P 500 is down 4% and the Nasdaq is down 6%. The stock market failed to break through its resistance level and is heading down. The bond market was hurt by Fitch, the rating agency, downgrading the U.S. credit rating from AAA to AA+.The data is still showing and we are still expecting a recession which is historically good for bonds and bad for the stock market. The recession is still not here yet and could arrive as late as the end of 2023. The trend of the data for the economy is definitely not positive.
