Updates – Macro Trend

Tariffs are having a negative impact for only about 9 percent of companies, earnings calls show

Tariff concerns remain a key talking point on Wall Street when dissecting the market volatility fit over the past month, but the issue seems to be carrying less heft among corporate executives.

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Trade Deficit With China Shows America’s Strength

U.S. companies have localized their operations around the world. Eventually, Chinese firms will, too.

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China’s record crude oil imports built on robust fundamentals, temporary boosts

China’s record imports of crude oil in October are without a doubt a bullish outcome, but within the broader pattern of growing demand there were some temporary factors lifting purchases.

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Apple was the top-selling mobile phone brand on Alibaba platforms during Singles Day

Apple topped the list of mobile phone vendors with the highest gross merchandise value (GMV), beating Chinese companies like Huawei and Xiaomi.

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Third-quarter U.S. profit growth on track to be highest since 2010

U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.

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US Christmas sales predicted to surpass $1 trillion for the first time this year

Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer.

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US Treasury yields jump after better-than-expected jobs report

U.S. government debt prices ticked lower as investors looked ahead to the release of October nonfarm payrolls data.

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US factory orders increase more than expected in September

New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing.

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Consumer confidence rises to an 18-year high in October

U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.

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U.S. Personal Spending Ends Third Quarter on Solid Footing

Americans increased spending in September and their incomes ticked up, a positive sign for the economy’s main engine heading into the fourth quarter.

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