Author: UPFINA

Of all the news events in October it’s surprising that the cause of volatility was the ISM manufacturing report since it told us what we already knew.

So much negative news in one article. Q3 earnings season has started poorly. Can Q4 EPS growth be in the mid-single digits if the economy is weak?

Weakness in real consumption and core capital goods orders growth put a large damper on Q3 GDP growth estimates which could come in below 2%.

The term “October surprise” is overused, but we thought it was apt here because politics, trade, earnings, economic news, and Fed policy will make news.