Friday, October 29, 2010

Morning Note...

Apologies, no morning note today… First look at Q3 GDP was in-line with expectations (+2%) and Q3 Personal Consumption was slightly better than expected (+2.6% vs. +2.5%/e).  Futures slightly lower, ~10bps, but off the earlier lows on the GDP release.  Busy week next week… Midterm elections and the Fed… Note that today (last day of October) is year-end for many mutual funds.