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Amid flurry of US, EU economic news, markets dread uncertainty The news this week in the U.S. was mixed, as the University of Michigan-Thomson Reuters consumer sentiment gauge rose to 78.3 for September, up from 74.3 in August, and consumer spending rose 0.5% in August—the biggest increase in six months. But despite this positive news, on this week's Market Week in Review video webcast, Russell's Chief Investment Strategist Erik Ristuben explains that the lackluster Chicago Purchasing Managers Index (falling to a three-year low of 49.7 in September) and worries ahead of the release of a stress test of Spanish banks infused just enough uncertainty into U.S. markets to bring them 2.5% lower as of Friday morning. Mark Soupiset hosts this week's episode. |
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