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Succinct Summation of Week’s Events 12.6.19

From ritholtz.com

Succinct Summations for the week ending December 6th, 2019 Positives: 1. Market continues to flirt with all time highs — nothing is more bullish, 2. Non-farm payrolls rose 266k m/o/m, above the expected increase of 180k. 3. Unemployment rate fell to 3.5%, below the previous 3.6%. 4. Home mortgages applications rose 1.0% w/o/w, above the previous decrease of 1.0%. 5. Jobless claims fell 10k from 213k to 203k, below the expected 218k. 6. Factory orders rose 0.3% m/o/m, above the previous decrease of -0.8%. Negatives: 1. We are further away from a Trade deal then ever as December 15th Tariff deadline looms; 2. ADP ... (full story)

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  • Category: Fundamental Analysis