(as of 7:50 AM PST)
We wish you all a Happy and
Prosperous New Year!!!
The last trading day of the
year started with mild gains on most indexes.
Gold is finishing the year with another down day and reflects a total
loss of 30% for the year. Oil is down
slightly. Data reports were generally
positive. Consumer confidence was up and
home prices were also higher. The
Chicago PMI, a key manufacturing index was down a small amount, but still
showed good strength. Interest rates
continue their slow but steady rise as we enter the New Year of the ‘taper’ as
the Federal Reserve starts to pull back on its bond buying program. The economy looks stronger than it has in
many years as we enter 2014.
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