Home|About Us|Services|Client Access|Forms|Market Data|News & Info|Contact Us

Featured News


More Articles  Printer Friendly Version

 

More Good Economic News On Friday

New jobs surged in October and wages rose by the largest year-over-year amount in nearly a decade.

Here's a roundup up of the financial news you need to know.

Real disposable income — personal income after taxes, adjusted for inflation and divided by the number of people in U.S. — in the 12 months ended October 31, grew 2.8%. In the five-year economic boom preceding The Great Recession, real personal disposable personal income grew by 2.2%. In the last 12 months, RDPI grew 30% faster than in the last expansion.

Car sales shifted into high gear in October. After car sales in September spiked to 17.9 million, the expectation was that car sales would cool in October. Nope! They went to 18 million.

September housing starts came in at 1.2 million, well below the Council of Economic Advisers February 2018 projection in the "Economic Report of the President."

The Standard & Poor's 500 closed on Friday at 2723.06, just 7% off its all-time high, and the double-digit market correction of October halted in the last week. The correction could resume; no one can predict the next market turn, and past performance does not guarantee your future results. Meanwhile, the economy remains strong and shows no sign of falling into a recession and turning the October's correction into a bear market drop.


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.


Email this article to a friend


Index
How Long Does It Take To Be A Long-Term Investor?
Five Observations About The CBO's New Long-Term Debt Forecast
Fed Apology, Strong Job Growth Bolster Stocks
Be Prepared For Tax Policy To Swing Back
Despite Grim Headlines, Economic Growth Is Intact
Business Owners: Avert Obstacles To Tax Savings
Despite December Turbulence, Economy And Business Optimism Were Strong
7 Tax Breaks Eliminated Or Curtailed
Latest Forecasts Show Economy Is Doing Okay
A Poignant Moment In Financial History Sparks Stocks
Sun Starts Setting On Solar Tax Credit From Uncle Sam
'Twas The Last Trading Day Before Christmas
Stocks Plunge When Investors Earn The Equity Risk Premium
Stock Plunge Nears Bear Territory After Fed Hike
HSA Or FSA: Which Is Better For Medical Savings?
A Last-Minute Reminder To Give Wisely And Charitably

This article was written by a professional financial journalist for The Clark Group Asset Management and is not intended as legal or investment advice.

©2019 Advisor Products Inc. All Rights Reserved.
© 2019 The Clark Group Asset Management | 24941 Dana Point Harbor Drive, Suite C210, Dana Point, CA 92629 | All rights reserved
P: 949-558-3898 | F: 949-558-3901 theclarkgroup@clarkgroupam.com |
Disclosure | Contact Us