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Government Shutdown Delaying Reports {Market Report} January 22nd

Government Shutdown Delaying Reports {Market Report} January 22nd
January 28, 2019 abryant

 

 

I want my children to have all the things I couldn’t afford. Then I want to move in with them.

I don’t always contradict myself, but when I do I don’t.

Often when I fall, I don’t get up. I lie there and think “now is a good time for a nap.”

The guy who invented the wheel is an idiot. The guy who invented the other three, now he is the genius!!

Who says I can’t fix things. Gimme a duct tape!

 

Now The Market Report . . .

 

The government shutdown, now the longest in U.S. history, hasn’t yet slowed down the economy. It is expected to, however, the longer it continues.

Economic data has been affected though, with delays on many reports due to closed agencies. This is causing concern for investors and impacting trading.

Despite tightening labor markets and the wage pressure that can result, inflation has remained below the Fed’s 2% target. This bodes well for interest rates.

 

Homebuilder sentiment improved in January after dropping for the last two months. Lower mortgage rates and higher sales expectations have helped.

Reports on monthly housing starts and builder permits weren’t released this week due to the shutdown. Estimates indicate a 3% gain over December 2017.

A Fed study shows student loan debt plays a significant role in keeping many in the 24 to 32 age group from buying a home.

 

“Obstacles are those frightful things you see when you take your eyes off your goal.”
Henry Ford

 

This week’s potential market moving reports are: (Due to the government shutdown, the latest reports on Retail Sales, Building Permits, and Housing Starts, have all been delayed.

 

Monday, January 21st:           Martin Luther King Holiday – No Reports Scheduled

Tuesday, January 22nd:        Existing Home Sales

Wednesday, January 23rd:   No Reports Scheduled

Thursday, January 24th:        First Time Jobless Claims, Manufacturing Index

Friday, January 25th:              New Homes Sales

 

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