The Monday Mix: Dec. 28, 2020 – Jan. 3, 2021
Headlines discussed at LNWM’s Monday morning meeting:
— New U.S. jobless claims fell slightly to 787,000 in latest week, with some 19 million Americans collecting unemployment.
— U.S. home prices are up 8% on avg. in past year (through Oct. 2020), with Phoenix and Seattle leading the gains.
— The U.S. dollar has slid to multi-year lows as U.S. monetary and fiscal stimulus have ignited fears of inflation.
— Indicators are showing expansion in manufacturing across the Eurozone, as well as China.
— Terms for Brexit, focused on goods (exclude financial services), have become law after four years of wrangling.
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