As we discussed in June and July, a 5-10% market correction was likely, and we are in the middle of that process. The market is getting decently oversold, and we are likely seeing a short-term exhaustion of sellers.

Marylanders and residents in surrounding states should brace for rising power bills due to capacity constraints on the regional power grid and the increasing peak load from new AI data centers.

Weakening data explains the current recession call. Yield curve action provides a confirmation signal.