Global markets suffered a broad-based downturn in October. For the first time since April, a majority of the major asset classes posted monthly losses, based on a set of ETF proxies. The upside outliers: cash and commodities.
Daily Archives: November 1, 2024
Macro Briefing: 1 November 2024
US jobless claims fell to a five-month low last week. The decline marks the third straight week of lower filings for unemployment benefits and appears to be another round of fading distortions from hurricanes that struck the Southeast US in September.
