John Hancock: Weekly Market Recap Week Ended October 4th
New unemployment low The 136,000 U.S. jobs added last month extended a recent run of modest, steady job growth, while the unemployment rate fell to 3.5%, the lowest in nearly 50 years. Wage growth was sluggish, with an annual rate of 2.9%—a pullback from previous months, but still higher than inflation. Uneven results […]
LPL: Economy Surprising to The Upside
Economic Blog September 25, 2019 Recent stock gains may not just be about a better trade tone or renewed central bank support. U.S. economic fundamentals have also improved. The Citi U.S. Economic Surprise Index, a running average of economic data compared to economists’ forecasts, has recently reached levels not seen since April 2018, as shown […]
John Hancock: Weekly Market Recap Ween Ended September 27th
Sound and fury With one trading day left in the third quarter, the major U.S. stock indexes were little changed from where they had been three months earlier, despite a spike in volatility along the way. The S&P 500 was up 0.7% quarter to date as of Friday, the Dow was up 0.8%, […]