Expect resiliency of the U.S. economy to begin dissipating in 4Q, notes Darius Dale. He discusses how long the U.S. economy can stay resilient. He talks about how a recession has the highest probability of commencing in the November 2023-April 2024 timeline. He outlines how “immaculate disinflation” persists in the U.S. economy and to expect the “last mile” of disinflation required for the Fed to achieve its price stability mandate to be extremely difficult to traverse. He then goes over the state of the consumer, as well as when the Fed will begin cutting. Tune in to find out more about the stock market today.