Financial Economic Outlook

Published Friday, November 5, 2021 at: 6:55 PM EDT

The stock market closed at a new record high again on positive economic fundamentals, better than expected corporate earnings reports and a bright earnings outlook. Key economic statistics released this past week indicate further profit growth is just ahead.  Friday morning, the Bureau of Labor Statistics reported that 531,000 new jobs were created in October, much more than the 435,000 expected by Wall Street. Last month, the same report on new-job formation in September, was a negative surprise. New-job formation is always a volatile monthly statistic, and the pandemic has made it even less predictable, as is shown in this chart. On top of...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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