Economic Update 10-29-2018
- Economic data for the week was highlighted by GDP results for the third quarter that came a bit better than expected, strong durable goods orders and jobless claims, as well as mixed housing and sentiment results.
- Global equity markets fell sharply again, coupled with higher levels of volatility. Bonds fared well, as investors sought out safety, causing interest rates to decline. Commodities declined as well, due to weaker energy prices.
U.S. stocks experienced another bout of volatility last week, with global markets all losing several percentage points to reach official correction territory of -10% from peak levels. Additionally, further details about Saudi involvement
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LSA Connect, Oct 30, 2018
