By Deron T. McCoy, CFA®, CFP®, CAIA®
Chief Investment Officer
With summer officially over, hurricane season now takes center stage (and of course our best wishes go out to anyone directly affected this season by an actual storm). But our focus here is on potential financial hurricanes. And for the last several months, we’ve been suggesting that an economic hurricane (slowdown or recession) may very well be on the horizon. Why? Tighter financial conditions, higher inflation, and higher interest rates are stressing consumers, reducing consumption, and measurably slowing the economy.