Investment insights from Capital Group
Different sectors have experienced downturns at different times
Sources: Travel: Capital Group, Transportation Security Agency (TSA), U.S. Department of Homeland Security. Data is a 30-day moving average. As of 26 July 2023. Semiconductors: Capital Group, Philadelphia Stock Exchange, Refinitiv Datastream. As of 30 June, 2023. Data represents cumulative price return since 1 January, 2019. Housing: Capital Group, Refinitiv Datastream, Standard & Poor's. Latest available monthly data is May 2023, as of 27 July, 2023. Manufacturing: Capital Group, Institute for Supply Management (ISM), National Bureau of Economic Research. Refinitiv Datastream. Figures reflect the seasonally adjusted survey results from ISM's Manufacturing Purchasing Managers’ Index (PMI). A PMI reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. As of 30 June, 2023. Chemicals: Capital Group, U.S. Federal Reserve, Refinitiv Datastream. Data indexed to 100 in 2017. Figures are seasonally adjusted. As of 30 June, 2023. Oil: Capital Group, Refinitiv. As of 26 July,2023. Past results are not predictive of results in future periods.
US economy is bolstered by historically strong job market
Sources: Capital Group, Bureau of Labor Statistics, Refinitiv Datastream, U.S. Department of Labor. Figures are seasonally adjusted. As of 30 June, 2023.
Is an inverted yield curve no longer a reliable predictor of recessions?
Sources: Capital Group, Bloomberg Index Services Ltd., National Bureau of Economic Research, Refinitiv Datastream. As of July 26, 2023.
Travel & leisure activities rise while commercial real estate sinks
Sources: Capital Group, Standard & Poor's, Refinitiv Datastream. A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. As of July 25, 2023. Past results are not predictive of results in future periods.
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