In today’s numbers pending home sales increased by 0.2% in November. That was the first increase in six months and comes after revised figures for October showed pending sales fell by 1.2%. Even though the November increase was a positive sign after six months of declines, it was below the median projection of a 1% increase among economists
What looks likely to drive the financial markets once Santa is back at the North Pole and his rally has passed into the record books? Here’s what I think deserves watching as we turn the corner into January.
Good news on consumer spending in November, Apple’s (AAPL) iPhone deal with China Mobile (CHL), and an upgrade on U.S. economic prospects in 2014 from International Monetary Fund managing director Christine Lagarde pretty much guarantee that Santa will visit Wall Street this year. And just about on schedule
The most recent revision of third quarter GDP puts growth for the at 4.1%–the best growth rate since the fourth quarter of 2011. Does this way that 2014 will be better than expected?