This will be a short post, partially because I am in San Diego at Commonwealth’s National Conference, but mostly because there isn’t much to say about the midterms that I did not already cover the other day.
News
Looking Back at the Markets in October and Ahead to November 2022
October showed a sharp rebound after a significant September drop. The S&P 500 gained 8.1 percent during the month, while the Nasdaq rose 3.94 percent. The Dow Jones Industrial Average (DJIA) experienced the best month of the three major indices, soaring 14.07 percent. Internationally, the news was mixed, with developed markets up 5.38 percent while emerging markets were down 3.09 percent. It was a surprisingly good result, especially after a terrible September.
Economic Release Snapshot: Hiring Remains Strong in October
Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
Two Cheers for the October Jobs Report
As I have been saying for some time, the best indicator for the economy as a whole is the jobs market. With consumer spending representing more than two-thirds of the economy, as long as people are working, they can spend. And the jobs numbers tell us whether they are working.
Will Midterm Madness Affect the Markets?
One of the questions I have been getting recently is about the effect of the midterm elections on markets. This is normal. In fact, given the level of partisan rancor—and the number of ads I’ve been seeing on TV—it is surprising that there isn’t more concern around the elections. But with voting just a couple of days away, let’s consider what the elections could mean for our investments.
Market Thoughts for November 2022 [Video]
It was a good month for the markets after a difficult September. The Dow and S&P showed strong gains, and developed markets did well. The rebound was driven by the prospect of a slowdown in future rate increases. On the economic front, job growth remained solid, driving increases in personal income and spending.
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Ashley has been working in the customer service field since she started her first job at age 16. For the past ten years she worked in an office setting handling accounts payable and receivable as well as some receptionist work. She is very excited to learn more about the investment field.
Alec joined Riverstone after starting out his post college career on the operations side of an international logistics company working as an account executive. Graduating with a BA in Economics from the University of Illinois at Urbana-Champaign, he quickly developed a strong interest in the financial world. A lifetime resident of the Chicagoland area, Alec is an avid fan of his hometown sports teams. He is also an enthusiast of outdoor activities like fishing, camping, and hiking whenever possible.
Carol has a wide variety of experiences and has worked mainly with not-for-profit organizations. She spent 20 years in fundraising and 15 years teaching in the Illinois school system while she raised her younger children. Carol lives in Sugar Grove with her husband, Ron, and their Golden Retriever, Charley. She has four children and two grandchildren. When she’s not working, Carol enjoys spending time with friends and family, running, fishing, bible study, and watching her grandchildren play sports.
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