Market Commentary

Existing Home Sales

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In November existing homes sales rose to 5.82 million according to the National Association of Realtors. That was the third straight monthly increase and the largest number since 2006. There is increasing demand with diminishing supply and despite the continued push up in prices, where the median price is now $248,000; there is an annual […]

Market Commentary

Happy Consumers

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The monthly Retail Sales Report was out on Thursday for November and it rose by twice the estimated amount at .8% from .5% the month before; if you remove the volatile auto sales it rose 1%. This was a very good number as retailers got a big boost from Black Friday sales. There was a […]

Market Commentary

U.S. November Budget

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Income and outgo at the Federal level at times can be very enlightening. In November the short fall was $139 billion dollars, and that was up 1% from a year ago. Spending rose 3% and revenue rose 4%. Also, income tax withholdings rose 6%. So the government is getting more money from peoples’ payroll.  Spending […]

Market Commentary

Jobs for November

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The monthly jobs report came out and the economy produced 228,000 new jobs; more than expected. The unemployment rate remained the same at 4.1%. This was the second month in a row of over 200,000 jobs, and it certainly cemented the idea that the Federal Reserve will be raising interest rates this month. It was […]

Market Commentary

Trump Wins! Does the Market?

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The surprise for the market wasn’t that Trump won the White House, though that was truly a surprise for the country.  Rather the 1,000 point drop in the futures market before the opening disappeared once the stock market opened and then reversed during early morning trading. That was truly something that most investors, including myself, […]