The S&P 500, the Nasdaq, and the Dow all hit records during the last week of October. The resilient and always forward-looking market shrugged off slow Q3 GDP growth and other concerns in favor of the positives.
The improving earnings picture includes everyone from Microsoft MSFT to Ford F. The S&P 500 margins outlook also remains strong for 2022 and beyond, despite rising pricing and supply chain bottlenecks.
Plus, the consumer-driven U.S. economy flashed comeback signs in the first month of the fourth quarter, from hotel occupancy to restaurant dining. And consumer confidence increased in October, after three months of declines.
The bullish outlook is further…
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