The Week in Review from Valeo Financial Advisors (August 28, 2015)
August 28, 2015    Disclosures    POSTED IN  Markets

U.S. Economy

  • The economy grew at annualized pace of 3.7% during the second quarter MarketWatch
  • Seasonally adjusted new home sales in July increased by 5.4% from the previous month CNBC
  • Both income and spending were up in July U.S. News & World Report

Around the World

  • Inflation once again disappears in Japan Bloomberg
  • China cut its key interest rate for the fifth time since November The New York Times


  • After a steep drop on Monday the U.S. Dow Jones Industrial Average recovered late in the week to end down modestly Reuters
  • “The Cruel Psychology of the 1,000-Point Drop” The Wall Street Journal
  • After dipping below $40 a barrel, oil prices surged to end the week Reuters
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