Insights

Price Return Last Week S&P 500 (0.2%) S&P Mid Cap 0.6% Russell 2000 (0.2%) MSCI EAFE (1.7%) MSCI EM (1.4%) 10 Yr US Treasury Rate – rose from 5.18% to 5.28% Source: Refinitiv Eikon Recent News Jobs Report – Sep: 29k (Reuters Poll est. 90k) Aug: 133k The number of jobs added in September surprised all economists coming in below the lowest estimate. The number of jobs added in August was also revised lower, from 162,000 to 133,000, suggesting a weakening in the labor force

Price Return Last Week S&P 500 (1.4%) S&P Mid Cap (2.4%) Russell 2000 (1.7%) MSCI EAFE (0.6%) MSCI EM +1.2% 10 Yr US Treasury Rate – rose from 4.70% to 4.74% Source: Refinitiv Eikon Recent News Government Buys Back Debt – Likely in response to increasing long-term interest rates, Treasury Secretary Scott Bessent announced on Wednesday that he would increase purchases of government bonds by the Treasury. Instead of purchases maxing out at $2 billion each time, these would