Last year, the index was falling faster than this year (another good sign going into 2024). There might be some noise in the next three readings, but the second half of 2023 should wind up flat at worst.

The index dropped 11% in the second half of 2022, and currently the second half of 2023 is +1.1%.

The October index is 2% below the all-time high in May, 2022, and is +68% from when this blog started!

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