Please note: The full Weekly Market Review is in the PDF below.
1. This week’s economic data continues to highlight growing weakness in the U.S. housing market, where 30-year fixed jumbo mortgage rates have climbed as high as 7.4%, bringing activity to a near standstill.
2.THE MAIN STORY THIS WEEK:Â SpaceX’s Remarkable Earnings: An Extraordinary Competitive Advantage – SpaceX (SPCX) delivered one of the most impressive third-quarter earnings reports I have seen this year.
3.China’s stock market has entered bear-market territory, with the CSI 300 Index falling 20% from its June peak after 10 consecutive weeks of declines.Â
4. World Watch
- France is facing growing unrest as protests turn into violent riots across the country. What started as demonstrations over poor school conditions, teacher shortages, and government policies has grown into a much bigger problem… Much of the anger comes from the rising cost of living, frustration with government leadership, and concerns about the country’s financial future.
- Italy has become another flashpoint for growing social unrest across Europe, with violent riots erupting in Milan and other northern cities. Much like France, the underlying frustration comes from rising living costs, sluggish economic growth, limited job opportunities, and growing dissatisfaction with the government.
- An updated snapshot of the current global state of economy.
5. Quant & Technical Corner: a selection of quantitative & technical data we monitor on a regular basis to help gauge the overall financial market conditions and the investment environment.
From the desk of our Chief Investment Officer
As an investment professional with over twenty-six years of experience in the financial services industry, Andrew helps clients to protect, grow and transfer wealth during their lifetime with customized strategies.
Education, Professional Licenses Acquired & Affiliations
- Passed the Series 7, 63, 65 and 24 license examinations
- Currently holding Series 65 License
- BA in Economics – Boston University (Boston, MA) 1993
- Certificate in Commodities Trading – New York University (New York, NY) 1991
- Certificate in Financial Planning – New York University (New York, NY) April 2011
With extensive experience in the Financial Services Industry, Andrew Tang and Turner Financial Group offer wealth management services using a disciplined, client-focused approach tailored to each client’s financial circumstances and objectives in collaboration with Dedicated Financial.
Len writes much of his own content, and also shares helpful content from other trusted providers like Turner Financial Group (TFG). Â
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