12.22.15- Countdown to the year end slow down has started.
Hope you have your shopping all done. Turn the business tv channels off and don't look at any market web sites. Nothing to see here but day traders trying to make a buck or two before the year end and nothing that would be a difference maker. Next notable market gauge is next year starting January 4 this report means very little but the Gallup Consumer spending opinion poll may give an indication to January 7th retail store sales report. The big one is the unemployment numbers that same day, minus a major weather event slowing reporting this unemployment number may show a large increase from Holiday layoffs and manufacturing job cuts in the lean months of winter. This report will loom large for market direction through the rest of January and start the watch for potential additional Fed rate increases. Still see another drop in the markets coming yet this year and definitely after the first week of the new year pushing more money into treasuries and mortgage backed securities. which simply means continued great rates to finish the year and a great start to making records in 2016!!
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