Christmas Snow Job on Wall Street – Ep. 39

Christmas Snow job on Wall Street



* Dow ended Christmas Eve Day above 18,000 for second day

* Catalyst was bigger than expected revision to Q3 GDP to 5%

* Big disconnect between economic performance and expectations

* Consumer spending up mostly on healthcare

* Inventory increases in expectation of future sales

* Data for Q4 is lower

* Home sales continue to drop


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