
Monday Morning Mix: Oct. 17 – 23, 2016
Headlines discussed at LNWM’s Monday morning meeting:
— The US dollar hit a 7-month high on likelihood Fed will raise interest rates this December.
— 2.05 million Americans are collecting unemployment (latest monthly avg.), lowest level since July 2000.
— US permits for new housing construction jumped 6% in Sept., highest level since Nov. 2015.
— About 75% of industrial capacity in the US is in use vs. long-term average of 80%.
— Eurozone gov’t bond yields slid lower, amid concern European Central Bank would not extend stimulus.
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