Market Commentary for the Week of November 2, 2015

After a sharp downturn beginning in April and most acutely experienced in August, markets rebounded sharply in October with the best month for the S&P 500 since 2011.

Our first look at third-quarter economic growth showed that Gross Domestic Product grew a paltry 1.5%. This is just a preliminary report, and economists will revise the data several more times; however, we can see that weak business spending affected growth last quarter.
Monday: PMI Manufacturing Index, ISM Mfg. Index, Construction Spending
Tuesday: Factory Orders
Wednesday: ADP Employment Report, International Trade, Janet Yellen Speaks 10:00AM, ISM Non-Mfg. Index, EIA Petroleum Status Report
Thursday: Jobless Claims, Productivity and Costs
Friday: Employment Situation


Consumer spending misses in September. Personal spending data showed that Americans increased their spending at the slowest rate since January, indicating they may be cautious about economic turmoil.5

Consumer confidence rebounds in October. After a weak September reading, consumer confidence jumped in October as lower-income households grew more optimistic. Wealthier households were less confident due to concerns about financial markets.6
Pending home sales drop in September. The number of contracts on previously owned homes fell unexpectedly in September in a potential warning sign about the housing market.7
Best Regards,
Kevin Kroskey

This article adapted with permission from Platinum Advisor Marketing Strategies, LLC 

Future Posts at

Any future blog posts will be done at . Thank you, Kevin Kroskey, CFP, MBA