Weekly Market Commentary October 6, 2025
WEEK IN REVIEW
Last week’s economic data painted a mixed picture of the U.S. economy. August’s pending home sales surged by 4%, far exceeding the forecasted 0.2%, signaling continued strength in the real estate market. The labor market also showed resilience, with the Job Openings and Labor Turnover Survey (JOLTS) reporting 7.227 million job openings – higher than expected – suggesting a bullish tone for the month. However, consumer sentiment took a hit, as the Conference Board’s Consumer Confidence Index came in lower than anticipated for September, reflecting growing pessimism among consumers. On a more positive note, both the Manufacturing and Services Purchasing Managers Index (PMI) for September surpassed forecasts, indicating ongoing robustness in these key sectors.
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