This was a great week for the stock market with both the S+P and the Dow gaining just under 2%. The yield on the ten year Treasury rose 0.01% to 1.84%. The big news this week was further progress on a trade deal with China.
Economically the week was also a good one, with all the inflation indicators coming in below expectations, while retail sales excluding autos beat expectations. Weekly unemployment claims also came in slightly better than expected.
Next week we are looking at corporate earnings and the overall December unemployment rate.
~ Alex Parrs