Financial News and Portfolio Management Discussion through October 19th

Stocks gained over the week on solid quarterly earnings.  The S&P 500 rose 0.6%, while the Dow ticked down -0.1% for the week.  Abroad, the FTSE All-World Ex-US climbed 1.2% for the week. The 10-year Treasury yield finished the week at 1.75%, flat for the week.

With about 10% of S&P 500 companies reporting earnings, the numbers to date have topped expectations.

US Retail sales fell 0.3% in September for the first monthly decline since February.

Negotiators from the UK and EU were able to reach a deal on the UK’s exit from the country bloc.  However, its uncertain if the agreement will pass Parliament.

US Industrial production fell 0.4% in September.

China’s third-quarter GDP growth slowed to 6%, a 26 year low.  It’s at the low level of the range targeted by the Chinese government.

 

 

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