Salient to Investors:

The global economy grew at the slowest pace since the 2009 recession. China reported the seventh straight quarter of slowing growth. Services and manufacturing in the 17-nation euro area last month contracted more than economists forecast.

John Stephenson at First Asset Investment Mgmt said Europe is a complete disaster and unsolved, China is slowing, and investors have very little optimism.

Commodities are headed for a second consecutive annual loss, for the first time since 1998.

Peter Sorrentino at Huntington Asset Advisors said the party is effectively over for investors in industrial materials or commodities – the growth in demand is not going to be there.

Andy Lipow at Lipow Oil Associates expects fuel prices to continue to fall through the winter – supplies are improving as we enter the weaker demand season.

Tom Pawlicki at EOXLive said the oil market is coming to grips with the possibility that we may have too much supply.

325 S&P 500 companies have reported earnings that have risen 0.4 percent, while sales missed analysts’ estimates at 60 percent of the SS&P 500  companies.

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