Most of the major asset classes lost ground last week, according to a set of exchange-traded funds. Bucking the downside trend: US investment grade bonds and foreign real estate shares. Otherwise, red ink prevailed in global markets over the five days of trading through November 22.

Continue reading →

US Navy Secretary forced to resign over controversial SEAL case: Reuters
Pro-democracy candidates win big in Hong Kong election: Reuters
German business sentiment improved slightly in November: Bloomberg
Capital spending by S&P 500 companies slows, creating economic headwind: WSJ
Security forum focuses on rising stress weighing on West’s democracies: Politico
US consumers remain upbeat in November: CNBC
KC Fed Manufacturing Index falls again in November: Mstar
US economic growth picked up in November but remains slow: IHS Markit
Slightly firmer slow-growth sign expected in today’s CFNAI (3mo avg) data for Oct: