Growth Rules, Gold Shines, Data Goes Dark

DoubleLine Portfolio Manager Eric Dhall and Fixed Income Allocation Strategist Ryan Kimmel recap the market week of Sept. 29-Oct. 3 against the backdrop of a federal government shutdown. Eric and Ryan discuss the continuing strong run for equities on the back of high-fliers for September, Q3 and year-to-date (00:25) as well as healthy returns across all three time periods for fixed income (3:54) and commodities (5:38). While data delivery was light in Macro Land due to the shutdown, Eric and Ryan do take a look at prints that reflect a softening labor market (14:37), waning consumer confidence (19:00), weakening PMI numbers (19:44) and lower home prices (21:49). Next week could be a light week or very light week for data (24:35), depending on the shutdown, with the University of Michigan consumer survey among the nongovernmental prints on the schedule. Follow us on X: https://x.com/DLineMinutes