The Piton Investment Team is assessing the past quarter and the prospects for the final quarter of 2026, especially in preparation to update Piton clients. One handy tool that the Team consults regularly is the U.S. Recession Dashboard from Clearbridge Investments (https://www.clearbridgeinvestments.com.au/learn/anatomy-of-a-recession/).
The firmly green expansionary signal from the ClearBridge US Recession Dashboard argues, to the Team, for the fundamental strength of the U.S. economy. There were no indicator changes in August, and the strength of the dashboard underpins faith that the economy will remain on solid footing in the coming year. In practice, the Team drills down into sectors and assess individual companies when they make particular decisions about the holding in client portfolios, but it is always important to keep an eye on what economic conditions we expect those businesses to operate in. This dashboard is not a guaranteed forecast, nor does it govern how a specific company’s stock will behave, but it is a useful too for the Piton Investment Team in its research and decision-making on behalf of Piton clients.