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Merry Christmas! {Market Report} December 20th

Merry Christmas! {Market Report} December 20th
December 23, 2019 abryant

 

Merry Christmas!

Some traditions are woven into our hearts more than others. I hope you’ll enjoy all your favorites this year.

 

Yesterday I started gardening… I planted myself in front of the TV and I sat there the entire day.

I just cleaned the house top to bottom, so now I’m gonna need everybody to stop living here.

I’ve made it from the bed to the couch. There’s no stopping me now.

Today is one of those days that even my coffee needs a coffee. .

You already know something you don’t even know that you know.

 

Now The Market Report . . .

 

A phase one trade deal with China was announced late last week and is expected to be signed in January. Trade talk headlines have caused volatility in mortgage rates.

Manufacturing data this week points to increased orders, shipments and work hours for employees. Easing trade tensions likely support a turnaround in manufacturing.

Jobless claims dropped from a 2-year high last week, pointing to sustained labor market strength. Claims remain near the lowest levels in about a half century.

 

Housing starts increased more than expected in November, and permits for future construction hit a 12-1/2-year high. Housing starts jumped 13.6% year-over-year.

Despite inventory shortages in some areas and an unexpected dip in November, existing home sales still rose 2.7% from a year ago.

Seniors who own a home saw housing wealth grow by 0.3% in the 3rd qtr, equating to $24 billion. The increase brought senior housing wealth to a record high of $7.19 trillion.

 

“Concentrate all your thoughts upon the work at hand. The sun’s rays do not burn until brought to a focus.”

Alexander Graham Bell

 

This week’s potential market moving reports are:

 

Monday, December 23rd:           New Home Sales

Tuesday, December 24th:           Durable Goods Orders

Wednesday, December 25th:     Christmas Day – All Markets Closed

Thursday, December 26th:         Weekly Jobless Claims

Friday, December 27th:               No Reports

 

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