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Just The Facts - Weekly Economic Video Recap - OCT 5th.

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Just The Facts - Weekly Economic Video Recap - OCT 5th ...

Key Takeaways


The Dow just hit it's 15th record close for the year last week. Is this an early indicator of another correction coming to a portfolio near you?

In other news, The job market is red hot!  What a starck difference between now and just a few years ago.

Some simple advice for employers - Invest in quality candidates (as much as your budget will allow) because as the saying goes, "You get what you pay for."

In less than 3 minutes get the high-level facts about activities impacting the US economy. Click the video to watch now.

 

 

Market Wrap Up - 

  • U.S. Markets  The major U.S. benchmarks ended the week lower with large-cap indexes holding up substantially better than the technology-heavy NASDAQ Composite and the smaller cap indexes.  

  • The Dow Jones Industrial Average gave up just 11 points to end the week at 26,447. The Dow Jones was alone, however.

  • The NASDAQ plunged almost 258 points, or -3.2%, ending the week at 7,788.

  • By market cap, the large cap S&P 500 index gave up -1.0%, while the S&P 400 mid cap index retreated -2.6% and the small cap Russell 2000 plummeted a huge -3.8%.

  • International Markets Canada’s TSX ended down -0.8%, while the United Kingdom’s FTSE retreated -2.6%.  

  • On Europe’s mainland, France’s CAC 40 gave up -2.4%, Germany’s DAX fell -1.1%, and Italy’s Milan FTSE was off -1.8%.  

  • In Asia, China’s Shanghai Composite gained 0.9%, but Japan’s Nikkei was off -1.4%. As grouped by Morgan Stanley Capital International, developed markets gave up -2.3% last week, while emerging markets fell a much steeper -4.9%.  

  • Commodities  Energy finished the otherwise dismal week in the green with West Texas Intermediate crude oil rising 1.5% to $74.34 per barrel and Brent North Sea crude up 1.7% to $84.11 a barrel.  

  • Precious metals finished the week mixed. Gold added 0.8% rising above the $1200-level to close at $1205.60 an ounce, while silver finished down -0.4% to $14.65 per ounce.

  • Copper, viewed by analysts as a barometer of global economic health due to its variety of industrial uses, retreated a second week down -1.5%.  

    If you found this to be valuable, make sure to connect with Sonia on LinkedIn to receive alerts next week's economic recap and say "Hello." 

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