Mixed Market Week, Bitcoin Drop, AWOL Data and the Omega Penny (E240)
Description
DoubleLine Portfolio Manager Eric Dhall and Fixed Income Allocation Strategist Ryan Kimmel recap a mixed market week (Nov. 10-14) that marked the end of the federal government shutdown and production of the penny. Equities were up a bit on the week with some pretty interesting dispersion (00:34 ); fixed income was flat (2:32 ); energy pumped up commodities (3:49 ); and Bitcoin fell below the important structural marker of $100k (6:25 ), with Eric and Ryan noting that the drop is reflective of broader risk sentiment. Over in Macro Land (11:04 ), they discuss the timeline for government data releases and the likelihood that there will be some holes in October prints. Among non-U.S. government data sources (14:56 ), they review small-business optimism, weekly payroll numbers and state jobless claims. Next week (18:22 ) will deliver the FOMC October minutes and some PMI numbers.
United States
