What The Elle - 💸 Money Cheat Sheet: Recession-ish

This week’s money mood: ’Cause you’re hot then you’re cold️️

Economically speaking, two big things happened last week:

1.	The stock market closed out its best month of gains since 2020, and …
2.	We officially learned that the US economy shrank two quarters in a row — which many people would say is the definition of a recession.

So … are sunny skies ahead, or not? And if we’ve met the traditional definition of a recession, why haven’t most economists decided that we’re in one?

Those are good questions, and I’ve done my best to break them down in the article below.

Until next time,

Dr. Sylvia Kwan, she/her
Chief Investment Officer

A square image of a building on Wall Street, and a round image of a stock market chart. An line illustration of a different stock market chart superimposed on top. Collage.

Recession-ish

While July’s stock market gains feel optimistic, the economic backdrop is still very much mixed. Here’s a closer look at why this might feel more like a bear market rally, and why the gov hasn’t used the “R” word yet.

READ SYLVIA’S INSIGHTS >

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bear mar∙ket ra∙lly

An uptick in stock market performance that happens in the middle of a longer-term bear market decline, but unfortunately doesn’t stick around.

Be there or be square



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What’s happening out there?


•	Nothing’s official yet, but all signs point to the Biden administration extending the federal student loan moratorium again. (It’s currently set to expire August 31.)
•	So many millennials bought houses during the pandemic that the overall group’s average net worth more than doubled. 😮
•	“Sustainable funds are essentially stickier”: Morningstar’s most recent data shows that they had net inflows in the second quarter (people put more money in than took it out), even as all funds overall had outflows.
•	A little happy news: At least one locally owned grocery store in Kansas has found rising national prices are pushing their customers to buy more local foods.
•	Talk to the floatie. 👙

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What The Elle - 💸 Money Cheat Sheet: Recession-ish

This week’s money mood: ’Cause you’re hot then you’re cold️️

Recession-ish

How Ellevest helps you stay the course

bear mar∙ket ra∙lly

Be there or be square

There’s always more to learn

$$ win of the week

What’s happening out there?

We make it easy to start now, then stay the course.

This week’s newsletter was brought to you while setting our air conditioners to Power Ranger mode. Forward it to your friends who did not sign up for this.

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