September was a bad month for markets, which were down between 8 percent and 12 percent for the month both here and abroad. The decline was driven by interest rates, which rose sharply. Despite the market pullback, there was some positive data for the last quarter. Job growth was down but remained strong by historical standards, and both major measures of consumer confidence rose.
So, what are the chances of a recession in the near future? Stay tuned to my latest Market Thoughts video to find out.