Market views heading into the week highlight what we're watching and important news ahead.
Investment Advisory Group
Truist Advisory Services, Inc.
A look back
Stocks were mostly down last week with the S&P 500 down close to 1%, whereas international developed and emerging markets were down 2.0% and 1.8%, respectively. Small- and mid-caps were down the most, falling roughly 3%.
U.S. Treasury yields rose in a parallel fashion with most rates jumping more than 0.15%. The 10-year Treasury yield is now above 4.20%.
The spike seen in initial jobless claims because of the hurricanes throughout the southeast receded last week, while the number for continuing claims (one week delayed) was still rising two weeks ago.
A look ahead
The first assessment of how the U.S. economy grew during the first quarter is set to be released this week. The Atlanta Fed’s GDP tracker shows an estimate of about a 3.3% annualized rate.
After last month’s blow out jobs report, the October number comes out Friday and is expected to be cooler than September. Consensus estimates are for 110K jobs added.
