The Monday Mix: Nov. 29 – Dec. 5, 2021
Top-of-mind headlines as we start the week:
— The US economy added only 210,000 jobs in Nov. vs. 573,000 expected, with retail, leisure and hospitability the weakest sectors.
— Orders from US factories rose 1% in October, driven by 2% surge in non-durable goods vs. slight drop in orders for durable goods.
— Corporate insiders and CEOs have sold 30% more stock so far this year vs. 2020, totaling some $69 billion.
— Total assets in sustainable investing strategies could quadruple by 2030, to around $30 trillion, per Broadridge Financial Solutions.
— The IMF urged G20 lenders to restructure the debt of poor developing nations, 60% of which are estimated to be in debt distress.
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