This was the first down week in several weeks, with both the S+P and the Dow Jones losing about one half of one percent. The ten year treasury gained a bit of value with its yield dropping to 1.77%.
The economic news was really in line with expectations with a bit of a positive surprise for housing starts and building permits in October. Once again the market benefitted late week by hopes of a positive trade deal.
Next week, we have a short week due to the holiday, and the big question is how will retail sales come in over Black Friday and the Thanksgiving weekend. There are some inflation numbers due out as well as consumer spending.