In this week\u2019s\nSteady Investor, we look at key stories and the questions surrounding their\nmarket impact such as: <\/p>\n\n\n\n
China Flirts with\nSub-6% Growth \u2013 <\/strong>For as long as anyone can remember, China has consistently\nposted growth comfortably above the 6.5% range. Those days are over. In Q3,\nChina reported economic growth of 6%, which falls squarely on their\ngovernment\u2019s baseline target for expansion. Indeed, this GDP reading marks the\nslowest growth for the world\u2019s second-largest economy since 1992.<\/em> 1<\/sup> The effects of the trade war are no doubt\ntaking a toll, as business activity slowed and tariffs have eased demand. To be\nsure, China\u2019s growth has been decelerating over the past few years, but a\nbreach of the 5% growth mark could send worrisome signals across the global\neconomy. <\/p>\n\n\n\n WeWork\u2019s Roller\nCoaster Ride Ends in Takeover \u2013 <\/strong>The office space and tech startup, WeWork,\nwas just days away from issuing an initial public offering (IPO) at a nearly\n$50 billion valuation. But as Wall Street started to scrutinize the books and\nmanagement practices, it became abundantly clear that WeWork was, in the\nclassic tech startup sense, a cash-burning and money-losing bubble. This week, the\nprivate equity firm and WeWork\u2019s primary financier, SoftBank Group, moved to\nsecure a deal to take control of the company and wrest control from embattled\nCEO, Adam Neumann. SoftBank\u2019s takeover terms ended with a generous payout for\nNeumann of over $1 billion, with the company being revalued at $8 billion.\n2<\/sup> WeWork never ended up going\npublic, which may ultimately be a good sign for how markets are operating \u2013\ninvestors are keen on avoiding high flying tech IPOs that are overvalued and\nburn cash. <\/p>\n\n\n\n _______________________________________________________________________<\/p>\n\n\n\n Know where you stand in terms of your long-term investment goals!<\/a><\/strong> _______________________________________________________________________<\/p>\n\n\n\n Brexit Deadline\nApproaching Fast with No Deal in Place \u2013 <\/strong>As we go to print, there are only\n3 days left until Britain is set to leave the European Union, but there is\nstill no agreed-upon deal in place to do so. While the United Kingdom and the\nEU have reached a deal in principle, Prime Minister Boris Johnson is still\ntasked with selling the deal to Parliament \u2013 something he has yet to\naccomplish. This week, U.K. lawmakers endorsed a Brexit deal but they still\nneed time to review the 100-plus page document.4<\/sup> As such, they\nrejected Johnson\u2019s plan to swiftly move the deal through Parliament. The clock\nis ticking. <\/p>\n\n\n\n S&P 500 Corporate\nEarnings Update \u2013 <\/strong>Earnings continue to hit the tape daily, and as of this\nwriting, we have Q3 results from 124 S&P 500 companies, which account for\n29.3% of the index\u2019s total market capitalization. Total earnings, or aggregate\nnet income, for the 124 companies are down -2.4% from the same period last year\non +3.1% higher revenues, with 82.3% beating EPS estimates and 63.7% beating\nrevenue estimates. Earnings growth is weaker than what we saw from this group in\nrecent periods, but revenue growth is tracking modestly higher and a bigger\nproportion of companies are beating EPS estimates at this stage of the reporting\ncycle \u2013 a silver lining. We had expected challenging earnings results in Q3 and\nthe results show it \u2013 but better-than-expected performance is arguably what\u2019s\nleading to the stock market\u2019s fairly warm reception thus far.5<\/sup> <\/p>\n\n\n\n While we may not know how all these stories will pan out, or\nhow they could affect the market in the long-term, knowing your net worth can\nbe critical to your financial well-being and can help you prepare for what\u2019s\nahead.<\/p>\n\n\n\n Calculating your net worth may give you a better idea of\nwhere you stand in terms of your long-term investment goals. If you do not\ncurrently know your net worth, then now may be a great time to calculate it.<\/p>\n\n\n\n If you have $500,000 or more to invest and want to\nunderstand how to measure your net worth, download our guide Measuring Your\nNet Worth<\/em>.6<\/sup> Simply click on the link below to get your copy\ntoday!<\/p>\n","protected":false},"excerpt":{"rendered":" Q3 earnings show weak growth, Brexit deadline days away, slowest China growth since 1992<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=8309"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8309\/revisions"}],"predecessor-version":[{"id":10688,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8309\/revisions\/10688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=8309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=8309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=8309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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While you cannot predict exactly how these stories will pan out or how they could affect the market, you can try to prepare for what\u2019s to come. And, knowing your net worth is a great place to start as it is critical to your financial well-being and can help you prepare for what\u2019s ahead.
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If you have $500,000 or more to invest and want to understand how to measure your net worth, download our guide, Measuring Your Net Worth<\/em>.\u00a0Simply click on the link below to get your copy today!
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Download Zacks Guide, Measuring Your Net Worth<\/a>3<\/a><\/sup><\/strong><\/p>\n\n\n\n