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August 6, 2024

The Truth About the 2024 Recession

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the number of people who reported not being able to work in July due to the weather, dating back to 1976. This year, nearly half a million people couldn’t work last month because of the weather. Hurricane Beryl alone knocked out power to nearly 3 million in Houston, with many still reeling. This suggests recession fears may be overblown. While negative momentum might not stop immediately, this insight helps us position ourselves wisely. I explain more in the Insight of the Day.

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August 6, 2024 No Comments
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