It looks like the US economy is not doing as bad as economists had feared.
Consumer spending numbers for August were strong, jobless claims continue to drift lower, and construction spending and manufacturing data also look strong.
Strong areas of economy: technology, healthcare, energy, agriculture
Weak areas of economy: home construction, autos, finance, consumer discretionary
Will the Federal Reserve lower interest rates again in October? The market is betting "Yes". I am beginning to not be so sure. If the economic numbers look good, the Fed may pause here.
Stay tuned...
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