Keep up to date on the global economy and its impact on markets.
Q4 2018 | Capital Markets Outlook
Economic strength is offset by trade risk, a flattening yield curve, and weakness in housing and autos
- The Bureau of Economic Analysis in its second estimate reported that GDP grew at a rate of 3.5% in the third quarter.
- The Census Bureau noted, in an advance report, that the trade deficit widened in October.
- Consumer spending (personal consumption expenditures of PCE) increased 0.6% in October, according to the Bureau of Economic Analysis.
- Initial jobless claims rose by 10,000 to 234,000 in the week ended November 24, 2018, according to the Labor Department.
- As of November 20, 2018, of the 482 S&P 500 Index companies reporting third-quarter earnings, 374 — or 77.6% — beat analysts’ estimates, according to S&P Dow Jones Indices.
- The Conference Board Consumer Confidence Index declined in November.