Monday Macro – Higher Longer, Lower Soon or Stop Start, thinking through investment scenarios

I'm back from a week off, with a quick summary of the market plus ESG strategies really haven’t delivered alpha

Let’s kick off with a quick overview of what happened to US markets in September starting with the inimitable Howard Silverblatt of S&P Dow Jones – the big message is that stocks continue to slide after a buoyant first half of 2023. The big headline was that the benchmark S&P 500 index was down 4.87% in the month (an improvement from September 2022’s -9…