U.S. Initial Jobless Claims Rise. Is the Economy Still Headed for a Soft Landing?

Published on October 16, 2024

On the latest edition of Market Week in Review, Investment Strategist BeiChen Lin assessed what the latest U.S. economic data suggests about the health of the nation’s economy. He also discussed the pullback in Chinese equities and the rise in volatility expectations for the U.S. stock market.

Continue reading on website
Other news

GDP Report Continues To Defy Recession Forecasts

October 16, 2024
The Bureau of Economic Analysis (BEA) recently released its second-quarter GDP report for 2024, showcasing a 2.96% growth rate. This number has sparked discussions among investors and analysts, particularly those predicting an imminent recession.

Stock Surge Defies Mixed Economic Data

October 16, 2024
This past week saw a notable surge in the stock market, pushing it to all-time highs, despite mixed economic data. Inflation figures, jobless claims, and sentiment reports have been uneven, but markets remain resilient, with the VIX hovering around 20—a sign that fear persists among investors.