This week retail sales for November were announced up 1.0% versus laster year, higher than expectations of .1% and jobless claims also came in weaker, driving the 10-year treasury bond yield back up to 4.6%. In addition, hiring is very strong in the services sector especially for skilled personnel, adding weight to the argument that the US economy is humming along nicely.
Is the optimism temporary, and just a part of the holiday season?
Hard telling I admit. I think the US economy will continue to experience hot spots and cold spots will an overall economy growing slower than the rest of the world.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment