- There are continuing political and pandemic stories that could dominate the news cycle at any time.
- Many of the normal economic indicators are not helpful in the wake of the COVID lockdown decline.
- Retail sales improved 1.9% in September, beating expectations of a 0.6% gain and August’s 0.6% increase.
- Initial jobless claims increased to 898K versus expectations of 830K and the prior week’s 845K.
- Technical measures are reasonably strong. Trends remain intact and support levels have generally not been violated.
For further details see:
Weighing The Week Ahead: Will Strong Earnings Signal An Economic Rebound?