8 Nov, 2021
Equity Market Weekly Outlook
- The U.S. House of Representatives passed the $1 trillion bipartisan infrastructure bill on November 5
- At the end of the first week of November, 89% of S&P 500 companies reported quarterly results.
- After months of speculations, Federal Reserve’s chairman Jerome Powell announced on November 3rd that a gradual decrease in the bond buying program will start this month (instead of the expected December).
- One of the major concerns for investors in china is that rising credit/default risk in real estate sector might have contagion effect.