Labor market keeps defying the doomsayers

Jobless claims have unexpectedly dropped, showcasing resilience in the labor market despite external challenges like hurricanes and strikes. The housing market sees contrasting trends with a surge in new and existing home sales. On the financial front, geopolitical tensions impact sectors, while palladium prices jump due to concerns over sanctions on Russia. Additionally, UPS's strong earnings pave the way for a promising holiday season, highlighting the complex interplay of various market dynamics.