I Read The News So You Don’t Have To – Market News (Oct. 31, 2018)

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by ogordained

Happy Birthday Bitcoin, born on October 31, 2018 in the midst of the financial meltdown, bitcoin turns 10 years old today. 🎈


  • The Conference Board’s measure of consumer confidence hit its highest level in 18 years
    • It also reveals that US households are confident in the stock market
  • Housing inflation is well above wage growth
    • Rental homes have outpaced homeowners by a ton
  • Business investment plans appear to be tapering off
    • Meanwhile, growth in corporate earnings remains robust
  • Recently beaten up stocks appear to be recovering as investors hunt for “deals”
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  • Retail sales in the UK missed big (Actual 5 | Expected 20)
    • And business sentiment is dropping
  • The Euro Area GDP missed Q3 growth expectations by half
    • Italy’s GDP growth fell dramatically to 0
    • And business sentiment is in a tailspin
  • Consumer Price Inflation in Germany was greater than expected
    • Largely due to a rising oil price, inflation should even out in the months to come
  • Japanese industrial production missed expectations
  • South Korean industrial production plummeted
  • Turkey’s Lira is continuing its recovery after entering a tailspin over the summer
  • Mexico’s GDP growth healthily beat expectations
    • Meanwhile, their stock market remains battered
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  • The manufacturing sector is softening as exports weaken
  • Wage growth is stabilizing after a turbulent period of ups and downs
  • New house building is outpacing new home purchases

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