Issue: As expected, the Federal Reserve lowered interest rates ¼% (25 bps).
Implication: It could stimulate the economy but signs of such are not materializing
Issue: U.S. Manufacturing survey has worse result in over a decade, 47.8%.
Implication: Under 50%, now 2 months in a row, indicates a slowing economy
Issue: Tariffs on European Union goods from aircrafts to agriculture go into effect 10/18.
Implication: Price rise for the good stuff: French wine, Scotch whiskey, and Italian Parmagiano
Issue: The stock market dropped 3% in the first few days of October.
Implication: The Trade War is having a negative effect on markets
Issue: An Impeachment inquiry is underway.
Implication: Who knows, but it can’t be good for the country, or the stock market.
Issue: Unemployment rate at 3.5%. Lowest since 1969 (Miracle Mets won the World Series)
Implication: What’s vexing Economists is why wage levels have only risen 2.9% over a year.
Here’s to a profitable week!
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