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Investing Specialists

Third-Quarter GDP: Half Empty or Half Full?

Despite glowing headlines, we think the economy turned in a poor performance in the third quarter.

Markets had yet another relatively slow week, performance-wise, with economic data providing little clarity to the situation. However, world PMI data released on Monday suggested that purchasing managers in many countries, including a few laggards, are feeling better about the economy and worrying less about Brexit, central bankers, and U.S. elections.

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