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Economic Analysis

House View: October 28, 2023

House View
Good morning, Good morning, and welcome to the Weekender for Saturday, October 28, 2023. On the week, the US equity market, as measured by the S&P 500, was lower by -2.5%. Equity and bond markets were negatively impacted by interest rates that continue to rise. On a stock-by-stock basis, missing earnings estimates for the third quarter and telegraphing a less-than-stellar outlook for the future resulted in severe price punishment.

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