Employment Employment data was at the forefront of this week’s economic calendar. Despite concerns regarding an impending recession the employment picture continues to be resilient as the unemployment rate remained unchanged at 3.7%. Non-farm payrolls rose by 263,000, higher than the forecasted increase of 200,000. In addition to the above expected level of job growth,...
Stocks Rally as Powell Guides to 50 in December Fed Chair Jerome Powell signaled the pace of rate hikes would slow and could come as soon as the next meeting in December. The S&P 500 rallied more than 3% on the day. It was the fourth-consecutive time the market moved 3% on the day Powell...
We issue this week’s Insight somewhat early, given the Thanksgiving holiday, allowing all to hopefully relax and recall those things for which we’re thankful. U.S. equities were basically flat since our last Insight. U.S. equities have exhibited a sustained upward trend since the quarter began, having risen 10.2% over that timeframe. Outside the U.S., equities...
