Beige Book Data Indicates Modest, Moderate Expansion
Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, December 5. U.S. stock indexes closed today for a national day of mourning to honor former President George H.W. Bush. The majority of international indexes declined, with the Nikkei, Shanghai-Composite and Euro STOXX down 0.5%, 0.6% and 1.2%, respectively. Meanwhile, the Federal Reserve released December Beige Book data, with 10 of the 12 Federal Reserve districts reporting modest or moderate economic expansion during the period from mid-October through late November.