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A volatile week on Wall Street left plenty of storylines in its wake. Winning streaks for the Dow and S&P would be snapped, while the Nasdaq rode momentum from tech to touch a new all-time record high.
A surprising jump in Treasury yields was one of the main contributors to this past week's choppy market results. What has sparked this jump can be traced back to data, debt, and politics. Full details here.
It would be understandable, considering the current uncertainty with the markets and politics, for consumers to be feeling anxious right now. They are to a degree, but their optimism is still moving higher.
A new read on activity in the service and manufacturing sectors shows that there are some good reasons for consumers to feel upbeat. The outlook for growth over the year's final months remains positive.
Buckle up! The incoming week will likely be a very wild ride. The packed schedule includes fresh PCE inflation numbers, an update to Q3 GDP, the latest jobs report, and five of the Mag7 will report earnings.
Changes to social security next year will impact both retirees and those who still work. Monthly benefits will go up with a cost-of-living increase, but the ceiling on how much income is taxed will also rise.
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