WEEKLY MARKET UPDATE – DECEMBER 1ST
FROM VIENTIANE, LAOS
TAX REFORM BILL WREAKS HAVOC ON MARKET AND RATES GO UP
Happy Friday, Brian Manning here with
your weekly update but we’re not at home
can you tell? Let’s see, so right behind
me is Laos this is Vientiane, Laos
the capital city Laos and if I turn this way,
that’s the Mekong River and behind me is
Thailand! Pretty sweet! So let’s see, what
kind of update do have for you today?
Don’t think you’re going to get away with nothing. Let’s see earlier this week new home sales
home sales to the highest rate in
10 years so really good to see solid new
home sales. Also we got PCE the personal consumption expenditure. The feds
favorite gauge for inflation. Pretty much
flat if we look at the CPI and the PCE
we’re not really seeing much increase
there. What else? If we look at what’s
happening in the markets — stocks are on a tear basically right now
everything is based off the tax reform
and seeing stocks increasing because
that we’re getting pressure on mortgage
rates and unfortunately we saw a bit of a
increase of mortgage rates this week.
That’s it for me I’m gonna be myself
some good dinner maybe it’s a spicy
papaya salad we’ll see what happens
happy Friday have a great day