Dock Treece Thursday December 3, 2020
Update: 2020-12-03
Description
Thursday the DOW was up slightly with the S&P setting a new high.
Mortgage applications was the lone bright spot in the reports yesterday.
I have attached 2 articles today that need close attention. The first motor vehicle fell below 16 million units annualized. A 3 month low.
The second article is the ADP job creation report and it was a disappointment, the weakest since July.
As I said yesterday economic indicators are starting the weaken, pay attention.
Mortgage applications was the lone bright spot in the reports yesterday.
I have attached 2 articles today that need close attention. The first motor vehicle fell below 16 million units annualized. A 3 month low.
The second article is the ADP job creation report and it was a disappointment, the weakest since July.
As I said yesterday economic indicators are starting the weaken, pay attention.
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