The stock markets were slightly positive for the short trading week, with both the Dow and the S+P gaining about ½ of a percent. The yield on the 10 year Treasury dropped slightly to 1.87%. Economically, we got really bad data on durable goods orders, which fell by a couple of percent instead of growing as projected. The market shrugged off that news and continued its slow climb this week, however.
Next week is another short week and the last trading week of the year. There are a couple of data points we are watching, such as December motor vehicle sales and consumer confidence and the home price index.
Have a great New Year!