Price Return Last Week S&P 500 +3.7%    S&P Mid Cap     +3.9%      Russell 2000      +5.6%     MSCI EAFE    +3.3%       MSCI EM +2.5%     10 Yr US Treasury Rate – fell from 4.06% to 4.02% Source: Refinitiv Eikon Recent News Jobs Report – Sep: 119k (Reuters Poll est. 50k) Aug: -4k After being delayed over 6 weeks due to the government shutdown, the Labor Department reported that payrolls rose by 119,000 jobs in September.  This was partially offset by a reduction in the number of jobs...

Price Return Last Week S&P 500 +0.1%    S&P Mid Cap     (1.2%)      Russell 2000      (1.8%)     MSCI EAFE    +1.7%       MSCI EM +0.3%     10 Yr US Treasury Rate – rose from 4.10% to 4.15% Source: Refinitiv Eikon Recent News Government Shutdown Ends – After 43 days, President Trump signed a bill to reopen the government.  The spending bill will extend funding for the federal government through January 30 in addition to full-year funding for the Agriculture Department, military...

Price Return Last Week S&P 500 +0.7%    S&P Mid Cap     (1.6%)      Russell 2000      (1.4%)     MSCI EAFE    (0.5%)        MSCI EM +0.9%     10 Yr US Treasury Rate – rose from 4.01% to 4.10% Source: Refinitiv Eikon Recent News Fed Meeting – As widely anticipated, the Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday.  Ten of the twelve voters voted for the measure with a dissent from newly appointed Governor Stephen Miran and Kansas City Fed...