- A new Census Bureau report shows US median household income reached an all-time high in 2017. This marks the third consecutive annual increase. The share of total income going to households at the top 5% and top 20% has also stayed relatively flat since 1993, showing income inequality is not growing and in fact has been remarkably stable. Low-income households fell to a near record low of 29.5% in 2017 and the percentage of people without health coverage was not statistically different than 2016. There are still many that are not feeling the recovery, but the long-term trend of higher income and more comfortable living standard continues. https://www.census.gov/newsroom/press-releases/2018/income-poverty.html
- Brent Crude oil prices move past $80 a barrel, which marks the highest since 2014. Supply issues due to Iran sanctions and collapsing output from Venezuela, along with continued high demand may push the price even higher as we move into Q4. This should be good for MLPs and Large Cap Value managers that have a high exposure to the integrated oil stocks. https://www.cnbc.com/2018/09/24/brent-crude-breaks-80-its-highest-since-2014-as-oil-market-tightens.html
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