A Saudi prince inaugurates an investment conference amidst the ongoing Khashoggi case: AP
Italy and the EU are at odds over budgetary matters: The Atlantic
Trump criticizes the Fed chairman for allegedly jeopardizing the US economy with rising rates: CNBC
Retail investors are taking advantage of the stock dip as institutional investors exit: Bloomberg
The Richmond Fed Manufacturing Index drops in October following a record high in September: MarketWatch
Eurozone growth in October fell to its slowest rate in over two years: IHS Markit
The initial estimate of third-quarter GDP for the US is projected to show a decrease to a 3.3% growth rate, according to the median of a variety of nowcasts compiled by The Capital Spectator. While this reflects a solid increase, it indicates a significant slowdown compared to the impressive 4.2% growth reported for Q2.
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Turkey’s president claims there is evidence suggesting the Khashoggi killing was premeditated: CNBC
The Saudi foreign minister promises a thorough investigation into Khashoggi’s death: Reuters
Trump states that the US military might be deployed to handle the escalating migrant caravan situation: Fox
US Navy warships pass through the Taiwan Strait: ABC
Trump announces plans to enhance the US nuclear arsenal: BBC
The Supreme Court halts the Commerce Secretary’s deposition regarding the census: Politico
Japan’s Abe is set to meet China’s Xi this week: CNBC
Anticipated slower growth in remodeling activity for 2019: JCHS
The US jobless rate is at its lowest in decades, despite weak wage growth: NY Times
Former Fed Chair Volcker warns of rising issues in the economy: NY Times
The Chicago Fed National Activity Index indicates a slight moderation in US growth for September: Chicago Fed
In the United States, Real Estate Investment Trusts (REITs) delivered the most significant gains among major asset classes last week, according to a variety of exchange-traded products. In contrast, equities in emerging markets faced the largest losses during the same period.
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China reacts to Pompeo’s caution about risks connected to Chinese investments: Reuters
The US Treasury Secretary justifies his upcoming visit to Saudi Arabia: NY Times
Turkey’s president plans to share more details about the killing of journalist Khashoggi: USA Today
Saudi Arabia rules out the possibility of an oil embargo amid Khashoggi’s situation: CNBC
Trump announces plans for the US to withdraw from a long-standing nuclear arms treaty with Russia: CNN
Moody’s downgrades Italy’s debt, now just above junk status: Reuters
Republican leaders appear confused regarding Trump’s proposed tax cut plan: Bloomberg
US existing home sales fell to a three-year low in September: Bloomberg
China’s stock market saw significant gains for the second consecutive day on Monday: CNBC
By Daniel Crosby
Summary from the publisher (Harriman House)
In “The Behavioral Investor,” psychologist and asset manager Dr. Daniel Crosby explores the psychological, sociological, and neurological factors that shape investor behavior. He offers practical insights to enhance both investment returns and decision-making processes. Readers will gain a deeper understanding of what drives their choices and how to improve their investment strategies, making this book a must-read for anyone looking to enhance their portfolio management skills.
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The economic outlook for the US remains largely positive, although there are indications of decelerating growth. Presently, the possibility of a recession appears minimal, and a downturn seems unlikely in the near term based on a broad array of indicators. However, projections for the upcoming year suggest an increased risk of recession, a forecast that merits close scrutiny as new data is released in the coming weeks.
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The US takes a firmer stance on Saudi Arabia as more evidence emerges in the Khashoggi case: CNN
The EU presents limited options to the UK regarding a Brexit agreement: Reuters
Trump threatens to seal the southern US border as migrants approach: NPR
China’s growth rate experiences its slowest quarter in a decade: NY Times
The Leading Economic Index for the US suggests robust growth for 2019: CNBC
The Philly Fed Manufacturing Index indicates steady growth for October: MarketWatch
US jobless claims have dropped to nearly a 50-year low: MarketWatch
Correlations of returns among major asset classes are trending upward this year, as shown by the median of pairwise correlations for rolling one-year periods from a set of exchange-traded products. While the median correlation remains considerably lower than the peaks experienced in 2017, the recent upward trend indicates that achieving diversification benefits through a multi-asset class portfolio may become increasingly challenging in the near future.
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US intelligence agencies indicate a connection between the Saudi prince and Khashoggi’s disappearance: NY Times
Trump hesitates to distance the US from Riyadh over the reporter’s disappearance: Reuters
The Khashoggi crisis is deepening the divide between Trump and Congress regarding Saudi Arabia: Bloomberg
The UK is seeking an extension for its transition from the EU: BBC
The US Treasury opts against labeling China as a currency manipulator in its report: Bloomberg
Billionaire hedge fund manager Cooperman warns that bonds, not stocks, are in a bubble: CNBC
The FOMC minutes indicate the Fed’s inclination toward more rate hikes: CNBC
US housing starts have fallen more than expected in September: Reuters
