M Notes: Mon, 1-6
| Weekly Close: 1-3-25 | + (-) | % | Dec % | 2024 % | |
|---|---|---|---|---|---|
| Dow30 | 42,732 | -260 | -0.6% | -5.3% | -12.9% |
| S&P500 | 5,942 | -29 | -0.5% | -2.5% | +23.3% |
| Nasdaq | 19,622 | -100 | -0.5% | +0.5% | +28.6% |
| 10-year | 4.60 | -0.02 | -0.4% | +9.3% | +18.1% |
| Oil | 74.03 | +3.43 | +4.9% | +5.5% | +0.1% |
LAST WEEK:
Markets: It was a wonderful year in the Markets last year.
S&P roller coaster last week: Down a lot, Down, Holiday, Down, and Up significantly.
Fed Balance Sheet: $6.853 Trillion (last week… down -$13 Billion). Reminder: their balance sheet was closer to $4 Trillion before the Pandemic.
ISM: The Institute for Supply Management’s Manufacturing index moved from a rating of 48.4 in November, up to 49.3 in December (beating expectations of a 48.5 rating).
Jobless claims: The weekly number came in at 211,000. The four-week average came in at 223,000.
National Debt: $36.316 Trillion.
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THIS WEEK:
Focus of the week: Jobs & Unemployment. Expectations are for 150,000 jobs, with the Unemployment rate staying at 4.2%.
Calendar: ISM Services index (Tue); Fed Minutes, ADP employment report (Wed); jobless claims (Thu); and the new Jobs and Unemployment numbers (Fri).