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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