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Now The Market Report . . . |
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The Democrats’ sweep of Senate seats in Georgia completed the “Blue Wave” and added to expectations of increased economic stimulus in 2021, which could lead to rising rates. |
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Private payrolls posted the first drop since April, as reported by ADP. Leisure and hospitality suffered the biggest losses, with most cuts coming from large businesses. |
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Last month’s Fed meeting minutes showed that markets will get plenty of notice before any cuts on bond purchases. The reassurance will help keep mortgage rates low. |
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Construction spending increased strongly in November, especially residential spending, boosted by a robust housing market and historically low mortgage rates. |
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The number of U.S. households is projected to grow by up to 12 million by 2028. Generation X and millennials are expected to drive most of the household formation. |
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The pandemic is influencing home design in ways that are likely to continue for years to come. Trends include upgrading technology and using rooms for combined purposes. |
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| “Enter this new year with a gratitude for this new chance to create your dreams.” Avina Celeste Next week’s potential market moving reports are:
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Someone asked me, when you think of Greece, what is the first thing that comes to your mind? I said French fries.





