Curt Renz Capital Resources

Stock Market

Market Outlook
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The popular stock market averages closed slightly down on Friday before the expiration of weekly options. The yield dropped for 10-yr treasury notes.

The US House of Representative moved into recess, leading to fears of a government shutdown if a funding bill is not passed.

The Federal Open Market Committee at this week's meeting decided not to raise its interest rate targets, but expects to raise at least one more time and hold there for longer than previously anticipated.

The United Auto Workers strike against Detroit automakers continues. A long strike may be quite damaging, while a cave to the UAW could make the legacy automakers even more uncompetitive versus non-union electric vehicle makers.

Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells
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