In this year alone, there have been 35 bizarre “flash crashes” in American oil markets, essentially meaning that prices dropped significantly and recovered quickly due to automated trading. Prices for West Texas Intermediate crude swung 200 basis points in less than an hour, before recovering at least 75 basis points.
Read MoreAfter a two month lull period, the U.S. labor market came back with a strong report for the month of October. The economy added 271,000 in payrolls while the unemployment rate dropped to 5% which was led by health care, temporary help & retailers according to Sho Chandra of Bloomberg. This is the lowest unemployment rate since April 2008.
Read MoreMetLife, the biggest life insurer in the United States announced that they believe benchmark 10-year Treasury yields are more than a decade away from returning to their long-run average according to Susanne Walker Barton of Bloomberg.
Read MoreAs we reported a few months back, gains in healthcare and energy stocks helped drive the market up, but the three major indexes are facing their worst quarter since 2011. Volatile trading due to fears of slowing growth in China and uncertainty over interest rate hikes are causing problems for the market. Inflation remains below the U.S. Federal Reserve's 2% target and the labor market is still in need of improvement, meaning interest rates will likely not increase for the time being.
Read MoreGoldman Sachs does not expect interest rates to increase until December, but it is preparing its clients for the first rise in almost a decade. Goldman identified companies that will be least affected by the rate increase, and those that will be more affected.
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