Weekly Market Snapshot – October 28, 2019
Created by: Sam Tenney
- Talks between China and US officials continued over the weekend of October 28th and agreed to finalize and sign an agreement on November 16th and 17th, China is expected to ask for a reduction in existing tariffs while the US is expected to ask for increased agricultural exports to China, including Pork. There is no guarantee that the agreement will actually be finalized but these are hopeful signs.¹
- Durable goods orders fell 1.1% in October with orders in the automotive and aeronautics industries led this fall. When durable goods orders fall it indicates businesses may be investing less in capital goods, signaling a reduction in business investments.²
- The National Retail Federation expects holiday retail sales to increase between 3.8% and 4.2% over the coming holiday season.³
4. weekly_market_recap.pdf JP Morgan Weekly Market Recap October 28th, 2019
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