In the stock market those who expect history to repeat itself exactly are doomed to failure — Yale Hirsch

1. Confidence ebbed recently among both corporate heads and consumers —
2. 2Q GDP growth slows to 1.7% — compared with 3.7% in the first quarter; A slight upward revision to its prior second-quarter estimate.
3. Moody’s downgrades Spanish debt to Aa1 from Aaa;
4. House passes bill targeting China’s yuan policy — The House easily passed legislation to penalize China’s foreign exchange practices, sending a powerful signal to Beijing to boost the value of its currency but risking a backlash that could harm U.S. companies and consumers.
5. U.S. Futures Rise Ahead Of Multiple Economic Reports — German Jobless Rate Just 7.5% As Much Of Europe Struggles — Germany’s unemployment in September fell to its lowest level since November 1992, the government said Thursday, but questions still swirl over whether Europe’s industrial engine can pull the region out of lingering gloom. Ireland on Thursday said it was readying a bailout of its No. 2 bank and would shore up two others, pushing its deficit to 32% of GDP this year.
6. Investor Intelligence’s survey found bullish advisers rose to 43.3% while bears fell to 27.8%

The week ahead — Economic data from Econoday.com: