[heard on the street] 20181022-20181028
MACROECONOMY U.S BUSINESS CONFIDENCE : continues to strengthen, and hiring is accelerating. Business activity is at 3-year high. GDP Economists surveyed by The Wall Street Journal forecast GDP growth of 3.4% in the preliminary reading. HOME SALES MANUFACTURING LABOR TRADE CHINA OVERALL GDP FIXED ASSET INVESTMENT growth by sector TRADE Beijing is again relying on state-owned enterprises to generate growth GOVERNMENT FINANCE EQUITY U.S INDEX LEVEL S&P 500 Nasdaq down more than 10%. The U.S. equity outperformance v.s. the rest of the world has stopped. small caps are approaching bear-market territory. consumer confidence VOLATILITY Wed, the VIX closed above 25 for the first time since Feb Volmageddon. VIX futures DAILY TRACKER Oct 22 After initially opening higher, mounting losses among Goldman Sachs G