Weekly Market Notes - October 15, 2018

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Includes: BIL, BTEC, CURE, DDM, DFVL, DFVS, DIA, DLBL-OLD, DLBS, DOG, DTUL, DTUS, DTYL, DTYS, DXD, EDV, EEH, EGF, EMTY, EPS, EQL, FDIS, FEX, FHLC, FIBR, FTXD, FWDD, FXD, FXH, GBIL, GOVT, GSY, HCRF, HQH, HUSV, HYDD, IEF, IEI, ITE, IVV, IWL, IWM, IYH, JHMC, JHMH, JHML, JKD, LNGR, OTPIX, PLW, PMR, PSQ, PST, QID, QLD, QQEW, QQQ, QQQE, QQXT, RCD, RETL, RISE, RSP, RTH, RWM, RXD, RXL, RYARX, RYH, RYRSX, SCHO, SCHR, SCHX, SDOW, SDS, SFLA, SH, SHV, SHY, SICK, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TAPR, TBF, TBT, TBX, THQ, TLH, TLT, TMF, TMV, TNA, TQQQ, TTT, TUZ, TWM, TYBS, TYD, TYNS, TYO, TZA, UBT, UDOW, UDPIX, UPRO, URTY, UST, UWM, VCR, VFINX, VGIT, VGLT, VGSH, VHT, VOO, VTWO, VUSTX, VV, XLV, XLY, XRT, ZROZ
by: Robert W. Baird & Co.
Summary

Fundamentally the economy appears to be on solid footing which bodes well for stocks.

Inflation and interest rates remain historically low and the labor markets are the strongest in decades.

Third-quarter earnings to be released over the next few weeks are anticipated to be up almost 20%.

We suggest staying with the strongest sectors including health care and consumer discretionary.