Strong year-to-date gains in broad-based equity indices are attracting increased media attention, now that interest in the U.S. budget and debt ceiling crises has temporarily waned.
This morning the Labor Department released the October nonfarm payrolls report. During the month of October the United States government experienced a shutdown from October 1 until October 16.
The following charts and tables are part of a capital markets presentation Joe recently gave to a group of financial advisors.
November has arrived, bringing with it the return of multiple economic data releases and an important central bank meeting in Europe.
Last Friday, October 25, the S&P 500® Index (SPX) (Figure 1) established both a new all-time closing high of 1759.77 and an intraday high of 1759.82.
Past performance is not a guarantee of future results.
Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.