Growth Rules, Gold Shines, Data Goes Dark (E234)
Description
DoubleLine Portfolio Manager Eric Dhall and Fixed Income Allocation Strategist Ryan Kimmel recap the market week of Sept. 29-Oct. 3 against the backdrop of a federal government shutdown. Eric and Ryan discuss the continuing strong run for equities on the back of high-fliers for September, Q3 and year-to-date (00:25 ) as well as healthy returns across all three time periods for fixed income (3:54 ) and commodities (5:38 ). While data delivery was light in Macro Land due to the shutdown, Eric and Ryan do take a look at prints that reflect a softening labor market (14:37 ), waning consumer confidence (19:00 ), weakening PMI numbers (19:44 ) and lower home prices (21:49 ).
Next week could be a light week or very light week for data (24:35 ), depending on the shutdown, with the University of Michigan consumer survey among the nongovernmental prints on the schedule.
United States
