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In October, only 12,000 new jobs were created in the USA.
The U.S. economy added 12,000 jobs in October, falling well short of the Dow Jones estimate of 100,000 and marking the weakest level of job creation since December 2020. However, the US Bureau of Labor Statistics noted that the number was affected by the hurricanes that hit the country and the Boeing strike in October.

Markets ignore weak jobs report
Stocks rallied on Friday as November began, led by Amazon and when traders ignored a disappointing jobs report. Amazon rose 6.2% after the e-commerce giant's earnings beat Wall Street expectations. The Dow Jones Industrial Average increased by 0.69% S&P 500 advanced 0.41% and the Nasdaq Composite rose by 0.8%.

Berkshire Hathaway's war chest exceeds $300 billion
Berkshire Hathaways Cash on hand rose to a record $325.2 billion at the end of September, compared with $276.9 billion in the previous quarter. This came as Warren Buffett continued his stock selling spree and held back from stock buybacks. The Oracle of Omaha sold $36.1 billion in stocks in the third quarter, including significant holdings in Apple and Bank of America.

Harris is gaining ground in Iowa
Iowa is not a state that many pollsters predicted would fail Democratic presidential candidate Kamala Harris. However, the Des Moines Register/Mediacom Iowa Poll found Vice President Donald Trump leading Iowa among likely voters 47% to 44%, a seven-point shift since September. Iowa has six electoral votes.

(PRO) The composition of Congress can determine the performance of stocks
While all eyes are on who will win the Oval Office after election night on November 5, investors should pay attention to whether Congress ends up divided or united. That could be the key to future stock performance instead of the incumbent president.

It's an overused saying, but “the calm before the storm” is probably the best way to describe the start of the week and the day before the US election.

After a packed weekend of closing arguments from both parties in critical swing states, the US now finds itself on the brink of election day, with two very different candidates and two very different positions on a range of issues.

Beyond the Oval Office, it is important to remember that the U.S. president does not operate in a vacuum. Control of both the House and Senate also determines the president's ability to carry out his campaign promises.

For investors, it's like the last moment before a plane lands.

Many would probably wait before re-entering the markets. With both candidates in a dead heat, trying to predict the winner and where the markets will move is really like flipping a coin.

Furthermore, while November 5th seems to be the giant red circle on the calendar that everyone is focused on, after that date the world still moves on. The Fed's next two-day meeting will take place on November 6th and 7th. A Reuters poll of economists expects interest rates to be cut by 25 basis points.