A flurry of economic reports came out today in the US, and the results were mixed

Jay Soloff

Argonath Financial

A flurry of economic reports came out today in the US, and the results were mixed. Personal income and consumer spending both rose by 0.2% in October. The numbers are slightly lower than expected, but the trend remains encouraging. Most importantly, the annual rise in private wages is at a fairly robust 5% - near the highest it's been in the last couple years. On the other hand, jobless claims jumped far more than projected. Initial claims came in at 313,000, a jump of 21,000 from last week. That's the highest the number has been in about 3 months and also substantially higher than the median estimate of 288,000. However, it's a major holiday week in the US, so the numbers may be skewed. We'll have to see what the next couple weeks bring. (VIEW LINK) (VIEW LINK)


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Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

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