Greetings,
The United States: The October U. Michigan consumer sentiment indicator declined more than anticipated.
China: Capital outflows persist.
Commodities: Gold surged last week on geopolitical uncertainty but hit resistance at the 200-day moving average.
Energy: The US oil rig count registered a rare increase last week.
Equities: The “big tech” concentration is powering the S&P 500 profit growth estimates.
Global Developments: Wage growth is slowing.
Food for Thought: Definitions of “financially comfortable” and “wealthy” across US metro areas:
Edited by Josh Oldmixon
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Subscribe to the Daily ShotAverage hourly wages for US teens: Brief
