The US stock market has had a rough ride over the last three months. But if you averted your eyes from the volatility that started after Aug. 18 and checked the S&P 500 as of yesterday’s close (Nov. 10) it appeared that nothing much had changed. The fractional loss looks uneventful and so one might wonder what all the fuss was about? There’s been an enormous among of churning in the market since mid-August, but for the moment the dust has settled and from the perspective of the S&P 500 we’re right back where we started.
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● US import prices drop 0.5% in Oct, 4th decline in a row | MarketWatch
● US small business optimism index unchange in Oct | Reuters
● Redbook: US retail sales increase in first week of Nov | WSJ
● China’s industrial production growth falls to 6-mo low in Oct | Telegraph
● Retail spending in China ticks higher to 11% annual rate in Oct | IBT
● UK jobless rate falls to 8-year low in 3 months through Sep | BBC