Was Last Week A Preview of 2025?
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What’s in Today’s Report:
- Was Last Week A Preview of 2025?
- Weekly Market Preview: Can the Santa Rally Re-start?
- Weekly Economic Cheat Sheet: A Quiet Week, But Claims Thursday Matter
Futures are slightly weaker following a quiet weekend of news and ahead of the holiday-shortened trading week.
Economically, the only notable number overnight was UK GDP which was slightly weaker than expected, rising 0.9% vs. (E) 1.0%.
Politically, a U.S. government shutdown was averted as Congress passed a bill to fund the government but only through March, which adds complication to Republican plans to pass aggressive pro-growth legislation.
Today the only notable economic report is Consumer Confidence (E: 113.0) and barring a major surprise, it shouldn’t move markets.
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