Smoothing Out

Denver, Philly, San Fran See Some Stability

With the exception of Friday’s report on personal incomes and spending, economic data released last week were generally more positive than perhaps anticipated.  Consumer confidence increased slightly in September, first-time jobless claims fell to their lowest levels since early April, and revised final 2nd quarter GDP estimates showed the economy steadily expanding.  Better economic data domestically was not able to offset the negative sentiment created by continued debt concerns in the Eurozone.  


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