- US equities had moderate gains this week. The market sentiment was supported by decent earnings reports and news of a draft Brexit deal, but also was dampened by some weak economic data.
- The yield on the 10-year US Treasury Note recovered from declines seen in the early part of the week and hovered around 1.75% for most of the week.
- Gold prices rebounded from some of the small sell-off seen in the initial days of the week, as concerns about the preliminary Brexit deal’s approval by the British Parliament and weaker-than-expected US economic data drove the price upward.
- Oil had a mixed week, as a greater-than-expected increase in the US’s stock pile amid a global slowdown drove the price down midweek. But news from the cease-fire pact in Syria and tentative Brexit deal enabled oil to regain some of the lost ground on Thursday.
- Netflix Inc. reported revenue of $5.25 billion, up 31% from a year ago, and earnings per share of $1.47. The streaming giant also said that it had a net addition of 6.77 million paying subscribers in its third quarter. However, the company’s projections for fourth-quarter additions were lower than analysts’ expectations.
Click here to download the complete weekly report: EWMWeeklyReview 10.21.19
Disclosure: Past performance is not necessarily indicative of future results.