Market Recap: 10/31/2011

Market Recap: October 31, 2011

Europe will continue to set the tone of the US markets.  Our markets got a boost last week from a positive talks and a potential deal to the Euro zone debt issues.  There are still many details that need to be worked out, but last week was a good sign of encouragement that European policy leaders can come together.   We did get some good news from our own economic recovery.  The 3rd quarter Real GDP came in at 2.5% , durable goods orders fell less than expected, and New home sales rose by 5.7%  These numbers are not exceptional, but it is encouraging as we go into the 4th quarter.  This week expect ISM indices, Vehicle Sales numbers, and Employment data. 

Market Recap 10/31/2011