Daily Alert – Thurs 31 Oct: Sentiment sours on bad data, profit taking

Mark Nugent Daily Alert, Oct 2019

Daily Alert – Thurs 31 Oct: Sentiment sours on bad data, profit taking Personal Spending and the Fed’s chosen measure of Inflation, Core PCE, both miss expectation to the downside. Markets turn risk-off despite Trump assuring us the China trade deal Phase 1 will be signed in mid November. There’s another issue – it’s month end and there is definitely …