FYI: Turning to this week, with a shortened day today and tomorrow’s Christmas holiday, it will be a much lighter week of economic data. Earlier this morning, the Chicago Fed released their National Activity Index, which came in above the 0.20 forecasted level at 0.22. Aside from some treasury auctions later on, that is the only economic data point for today. Tomorrow will see no releases domestically due to the Christmas holiday; even abroad the only release to speak of will be Japan’s leading and coincident indices. Wednesday will be another light day with only the Richmond Fed’s Manufacturing Index on the docket. Thursday we get more home price data with the FHFA Home Price Index and New Home Sales alongside the weekly jobless claims and Bloomberg Consumer Comfort reports. The Conference Board’s Consumer Confidence numbers will also come out Thursday morning. We cap off the week with the preliminary Trade Balance for November,
Regards,
Ted
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