A newly released poll from @conferenceboard provides an interesting look into the future of business. The findings show that during the upcoming three years, almost half of chief executive officers anticipate that AI will successfully increase productivity while bringing down operational expenses.
Looking at the data for October, retail sales growth for bars and restaurants climbed by 1.0% when evaluated on a three-month moving average basis. This increase actually represents the most robust rate of expansion recorded for these businesses in over a year.
In 4Q26, geopolitics, AI, and cybersecurity continued to be the primary threats for CEOs. Apprehension regarding every single one of these issues actually grew when compared to the previous quarter @conferenceboard
Los datos recientes compartidos por @conferenceboard destacan un cambio notable en las perspectivas de los líderes empresariales. Durante el cuarto trimestre de 2026, la confianza de los directores ejecutivos cayó 6 puntos, situando la puntuación general en 46. El optimismo no había alcanzado un nivel tan bajo desde el segundo trimestre de 2025. Esta tendencia a la baja en el sentimiento de los ejecutivos probablemente sea una reacción al aumento de las tensiones geopolíticas, junto con el alza de los precios del petróleo.
When adjusted to align with the ISM methodology, both the Philly and Empire Manufacturing Indexes experienced expansion during October. However, the details of these two surveys present contrasting narratives. Specifically, the Empire index showed signs of strengthening, whereas the Philly index actually weakened.
The ongoing rolling correlation between the 10y yield and the S&P 500 continues to be negative. This broader trend remains firmly intact, even when taking into account the rather fascinating market action we observed yesterday that featured a positively correlated movement between the two.
When examining the index drawdowns and the percentage of outperforming assets, an interesting shift is apparent. According to the middle table, the trailing 1m outperformance figure stood at a mere 17 percent as of Wednesday last week. That proportion has since experienced a substantial rise, currently standing at 36 percent.
A review of the latest breadth charts reveals a significant positive shift for the S&P 500. In contrast, similar progress is largely absent when looking at the NASDAQ and the Russell 2000.
Al analizar el desempeño del mercado en lo que va de mes, el S&P 500 ha registrado un aumento general del 0,9 %. Sin embargo, las estrategias de inversión subyacentes muestran una divergencia notable. A la cabeza entre los factores se encuentra Baja Volatilidad, con una ganancia del 4,0 %. En el extremo opuesto, Momentum, Crecimiento Puro y Beta Alta son los únicos tres índices de factores de renta variable estadounidense que han caído en terreno negativo durante el mismo período.
El análisis de las tendencias sectoriales ayuda a entender mejor esta divergencia. En el mes en curso, Tecnología de la Información es el único sector del S&P 500 que ha registrado pérdidas. Esta debilidad específica ha lastrado de manera desproporcionada las estrategias de Beta Alta, Crecimiento Puro y Momentum.
The most recent update from @AAIISentiment for the week ending 10/14/26 highlights a few slight changes in market perspectives. Optimism among respondents decreased slightly, bringing bullish sentiment down to 38.7% from the previous 40.3%. Meanwhile, pessimistic views experienced a minor increase, with bearish sentiment rising to 41.6% compared to 39.0%. Furthermore, the special question featured this week invites AAII members to share insights regarding their current investing approach.
I am eagerly anticipating my upcoming appearance on @BloombergTV. You can expect me to participate in #TheClose at approximately 3pm ET this afternoon.
Despite experiencing a strong upward trend over the previous twelve months, the KBW Bank Index has recently seen a considerable pullback. Since reaching its highest point in August, the index has dropped by nearly 14%.
[Past performance is no guarantee of future results]
We have some encouraging economic news to share regarding the September Empire Manufacturing Index. The overall index experienced a remarkable surge, reaching 25.5. This performance easily surpassed the anticipated estimate of 12.0 and showed a massive improvement compared to the previous reading of 7.6.
When we dive into the specific details of the report, incoming new orders saw a substantial expansion, climbing to 23.2 from a prior figure of just 2.0. The shipments category followed a similar upward trend, recovering nicely to 13.1 after previously sitting at a negative 3.2.
On the flip side, a couple of metrics experienced slight declines. The prices paid category cooled off a bit, dropping to 59.5 from the earlier 63.1 mark. Additionally, the employment measure saw a very minor decrease, edging down to 10.3 compared to the previous 10.6.
Here is a look at the latest unemployment figures. Recent data shows that initial jobless claims reached 199k. While this number is an increase from the prior count of 198k, it still falls slightly below the estimated 200k. As for continuing claims, the total stood at 1.710M, which edged just past the 1.709M projection but remained lower than the previous level of 1.714M.
When breaking down the statistics geographically, the most significant upward shifts occurred in CA (+4.3k), IL (+1.1k), and NJ (+0.9k). On the other hand, the largest declines were recorded in HI (-0.3k), MI (-0.1k), and IA (-0.1k).
Here is a closer look at the specific elements from the September PPI that directly contribute to the PCE, which serves as the primary gauge for #inflation favored by the Fed.
Here are the latest September PPI numbers for a closer look at #inflation. The headline index saw a +6.3% y/y increase, easily surpassing the +5.4% estimate. This also represents an acceleration from the prior reading of +5.6%, which was revised up from an initial +5.4. Meanwhile, the core index increased by +5.0% y/y, coming in higher than both the +4.4% estimate and the previous +4.8% figure.
Here is the latest update on the September PPI data regarding #inflation. The overall index saw a month-over-month increase of +1.3%, coming in noticeably higher than the estimated +0.6%. Additionally, the preceding period was adjusted upward to +0.5 from the initially reported +0.4%. Looking at the core metrics, there was a monthly rise of +0.7%. This result also surpassed both the projected +0.3% and the previous reading of +0.2%.
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