OPEC+ announced its plan to reduce oil output by 2M barrels/day starting in November.

The third quarter of 2022 saw financial assets continue their year-to-date decline, as positive stock bond correlations and a pullback in commodity prices delivered negative returns across all asset classes except cash.

As of Friday’s close, large cap equities are down 21.6% YTD. This is more than explained by declining P/E multiples, as earnings expectations themselves have proven relatively robust, despite increasing recession concerns.

By the end of the summer, investors had adopted a view that inflation would decelerate at a healthy pace into the end of the year.

As economic growth slows this year, a key question for investors is whether job openings can fall from their historical highs without a substantial rise in unemployment.

From bonds (U.S. Fixed Income -2.8%, Global High Yield -1.5%) to equities (U.S. Large Cap -4.1%, U.S. Small Cap -2.0%) to commodities (Bloomberg Commodity Index +0.1%)…

On Friday, Federal Reserve Chairman Jerome Powell reiterated that inflation remains too high and that the central bank is determined to bring it back down to its 2% target…

Following a relentless rise in inflation this year, markets have finally been able to breathe a sigh of relief as the July inflation figures were softer than expected.

Following a series of disappointing economic data releases, including a second consecutive negative quarter of GDP growth, the July Jobs report blew past expectations…

At the sector level, estimates are pointing toward sizeable growth in earnings among the energy, materials and industrials sectors.