ADP reports the job market continued to expand in October
ADP reported that private payrolls at U.S. companies increased by 125k in October, above the consensus estimate of 110k.
Read MoreConsumer confidence below estimate for October
The Conference Board reported the Consumer Confidence Index pulled back more than expected in October, but the three components all had upward revisions to the September data.
Read MoreHuman nature is pretty consistent
Finally, there was a new record high in the S&P 500 (SPX) yesterday led by the offensive sectors and matched by some pretty good market internals. It is hard to…
Read More10/28/19 Economic Week Ahead
You can expect a pretty wild week ahead as the FOMC Meeting awaits, Q3 EPS reporting has its biggest week, and a number of significant economic data points will be…
Read MoreMichigan sentiment remained healthy in October
The final print for the October Michigan Sentiment had a slightly lower revision but still showed a nice rebound off the August low.
Read MoreVery brief EPS season update
As we entered 2019, our bullish thesis was largely based on an economic slowdown that would cause the Fed to shift gears toward a much more accommodative monetary policy as…
Read MoreIHS Markit PMIs rose in October
IHS Markit reported preliminary data for the U.S. that showed manufacturing is still holding up better than expected.
Read MoreExisting-home sales declined in September
A lack of supply and rising home prices crimped sales of previously owned homes.
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