Afternoon Note
Stocks are moving between gains and losses as traders digested the latest set of economic data.
This morning’s jobs report saw the unemployment rate taking a step down in November, after trending higher for the most part.
Notably, construction jobs increased, while retail trade was weak.
We saw a shocking reversal in consumer sentiment. This is welcome news.
…but still in a downtrend since the start of the pandemic.
Energy is holding the lead by a solid margin. Crude prices are rebounding following yesterday’s slip to its lowest level since the end of June.
Have a great weekend, and for those celebrating, Happy Hanukkah.
Comments |
And a Happy Hanakuh to All! Charles A Haselberger on 12/8/2023 1:48:23 PM |
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