A flurry of economic reports came out today in the US, and the results were mixed
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)
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...
No areas of expertise