Week of November 20, 2023
The growing importance of social rifts and the declining importance of China as it relates to investment decisions are both reflected in our Signals this week. The larger Social/Culture Signal highlights the growing divide among Americans and their opinions on the two wars occurring in the world today. It appears as though one half of Americans agree with our Government’s funding of Ukraine and the other half would like domestic funds to be allocated to domestic causes. A similar, but, perhaps, more visual rift is a result of the conflict in Israel. All of this leads to the upcoming 2024 Presidential Election.
Michael Mullenax & Bob Bilkie, CFA