Markets stabilize as seasonal headwinds shift to tailwinds
Equity markets have stabilized following a difficult two-month stretch that saw the S&P 500® Index fall by nearly 7%
Retail sales rose by 1.3 percent in October — its largest increase in eight months. What does this mean for the all-important holiday shopping in the weeks ahead? Will inflation keep shoppers away? Bryan Jordan, Nationwide’s Deputy Chief Economist, shares his outlook on the holiday shopping season.
Looking for more podcasts from Nationwide Economics? Find us however you listen below.
Subscribe: Apple Podcasts | Soundcloud | iHeart | Spotify | Amazon | Google Podcasts
Disclosure:
The information in this report is provided by Nationwide Economics and is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person.
The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.
Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2023 Nationwide.
NFM-20130AO.57
NFM-20130AO.57