Dock Treece Good News Wednesday November 18, 2020
Update: 2020-11-18
Description
Good news Wednesday but stocks take a breather from the recent rally. Other economic news was good but shows signs of slowing.
Retail sales were up for the 6th straight month, industrial production was higher (see attached article) and the housing market index is at the highest level ever.
Soybeans are near a 4 year high and WalMart says the supply chain isn't keeping up with demand. If we were not in the middle of a political mess where would the economy be?
If Biden becomes President what should we expect as big changes?
Quote from the attached article: "Economists said they expect to see production continue to make up lost ground in the coming months since demand for goods has held up better than demand for services."
Retail sales were up for the 6th straight month, industrial production was higher (see attached article) and the housing market index is at the highest level ever.
Soybeans are near a 4 year high and WalMart says the supply chain isn't keeping up with demand. If we were not in the middle of a political mess where would the economy be?
If Biden becomes President what should we expect as big changes?
Quote from the attached article: "Economists said they expect to see production continue to make up lost ground in the coming months since demand for goods has held up better than demand for services."
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