Headlines discussed at LNWM’s Monday morning briefing:
— China’s 6.9% GDP growth (3rd qtr.) was below target; interest rates were cut, the 6th time in 12 months.
— U.S. jobless claims are near 42-year lows and housing sales jumped, indicating consumer strength.
— U.S. manufacturing rebounded to a 5-month high in Oct., signaling resiliency despite strong dollar.
— The European Central Bank signaled it may expand monetary stimulus, as growth falters.
— The S&P 500 has fully recovered from late-summer correction and is now slightly up for 2015.
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