According to a US Senate report , incidents of fraud and scams are growing on the peer to peer (P2P) payment service Zelle . Large banks partly own Zelle and have been reluctant to reimburse defrauded customers.
After peaking at 9.1% y/y in June, inflation has slowly been receding.
The October Jobs report saw a stronger-than-expected gain of 261,000 non-farm payroll jobs.
Happy Halloween! October has given you an investment treat. Although markets were slightly down today, all stock indexes were up for the month of October with the S&P 500 being up 8%.
With over half of the market reporting, our current estimate for 3Q22 S&P 500 operating earnings per share (EPS) is $52.42. If realized, this would represent y/y growth of 0.8% and q/q growth of 11.9%.