#41 - Market Brief - November 20, 2023 w/ Glenn Moore
The Gordon Asset Management Podcast
English - November 20, 2023 20:00 - 4 minutes - 2.84 MB - ★★★★★ - 3 ratingsInvesting Business investing economics asset management stocks bonds stock market Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Next Episode: #42 - Q423 Retirement Plan Update w/ Todd Zempel
As of November 17, 2023, the S&P 500 index is soaring with a hefty 18% gain, while small cap stocks and bonds are trailing behind with less prominent returns. A mere seven stocks are maneuvering more than 90% of the total return in the S&P 500 and NASDAQ.
Beneath the surface, cautionary signs are emerging that could spell economic turmoil. Glenn pinpoints the contraction of bank lending growth and an alarming rise in delinquencies in consumer debt, particularly among younger demographics, as potential omens of a rocky road ahead.