September Monthly Macro-Market RECAP
September, notorious for its volatility and bearish lore, instead delivered yet another display of broad resilience and underlying macro strength. Contrary to pundits and headline fear, economic growth continued to surprise—with Finom Group’s long-standing no-recession call again borne out despite Q1’s “growth scare” and every new round of exogenous policy risk. With tariff realignments and labor disruptions receding, businesses adapted, consumption rebounded, and jobless claims trended toward new lows by month-end. In short: this cycle’s adaptability and productivity remain underappreciated by the consensus.
