Recession? A lot has been said about the current state of the economy, with discussions around a possible new recession. However, based on what I've observed, it seems like we are actually emerging from a quasi-recession that we've been living in for quite sime time (what I've been calling a "washing machine" economy). In 2022, there were two quarters of declining GDP, a traditional measure of recession. Certain sectors in particular like manufacturing, non-AI tech, and healthcare, have been facing significant challenges since then. But @BluWavePartners and macro market data indicates these sectors have been actually showing signs of relative strengthening in recent periods. You can request our recent Q2 Insights Report by writing "Report" in the comments if you want more on what we're seeing behind our curtain. Fortunately, there have also been broader signs of improvement. The economy is growing with GDP performing well enough, inflation has decreased significantly, and unemployment levels have returned to a more conducive range (last year it was at is lowest level since the 1960s, which somewhat counterintuitively is not great because it causes high labor inflation). Further stimilus from rate reductions by the Fed are on the way. Don't be fooled by the jagged drop in the stop market late last week through early this week. The precipitous drop was driven by the unwinding of the Japanese Yen Carry Trade. See the comment sections below for a link to more on this. @GoldmanSachs also recently released an insightful podcast covering why they don't think a recession is coming, providing further clarity and understanding. I recommend giving it a listen if you're interested in delving deeper into this subject. The link to this ~15 minute podcast is also in comments below. Onward!