Strong Economic Data Meets Rising AI Concerns

Published on October 28, 2026

Economic data that continued to show a strong U.S. economy, housing aside, took a back seat this week as investors once again focused on potential risks to future growth: rising energy prices, sticky inflation, and most importantly, questions about the sustainability of the artificial intelligence (AI) boom.

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Value Breakout Shows Benefits of Diversification

October 28, 2026
There was very little macroeconomic news last week, but there was certainly no shortage of action in the markets. We saw an extraordinarily sharp rotation out of growth and into value, with both the Russell Value Index and the S&P Value Index reaching all-time highs even as the Nasdaq suffered one of its largest recent selloffs. That is a dramatic divergence, but historically it is not unprecedent

US Department of Labor recovers $603K for 829 workers denied overtime pay by Indiana auto parts manufacturer

October 28, 2026
INDIANAPOLIS – The U.S. Department of Labor has recovered $603,953 in back wages for 829 workers after an investigation found an Indianapolis-area vehicle parts manufacturer failed to properly calculate overtime wages.Investigators with the department’s Wage and Hour Division found that Toa (USA) LLC, a major automotive supplier that serves top-tier automotive companies, did not include a non-disc