Weekly Indicators: corporate bonds break out positively edition

October data started out almost entirely positive, with very strong ISM manufacturing and services readings, a strong rebound in vehicle sales for the second month in a row, strongly positive consumer confidence, an underemployment rate equal to the lowest since 2000, and an unemployment rate lower than any since then. Jobs also rebounded, and September’s report was revised to positive.  The only negatives were a decline in wages, and in construction spending.