As earnings season rounds into form, the early message seems to be that the economy is slowing down. According to Jamin Ball of Bessemer Ventures, quite a few earnings reports have mentioned a slowdown in spending and softening sales as Q2 progressed. Interestingly, the month-by-month shape of Q2’s executive search volume trend looks similar. What started out as a promising quarter after ramping growth through Q1 softened over the final two months of Q2. Our quarterly report keeps tabs on how leadership demand correlates to the S&P 500, but we rarely look at that on a monthly basis. So, this type of color commentary from technology companies and cloud providers is an interesting view. Monthly search volume, it seems, followed a similar trajectory.