The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- Earnings for the S&P 500 are predicted to be down slightly (0.5 percent) in the fourth quarter of 2019 compared to the previous year; a rebound is expected in 2020.
- Brexit terms were signed by Britain and will be approved by the EU on Jan. 29, making 2020 the year of implementation.
- The inventory of US homes for sale is down to 3 months of supply (not seen since 1999); 6-month supply is balanced market.
- Manufacturing activity in the United States has slowed slightly in the last three months, although levels remain indicative of an improving economy.
- Weekly unemployment claims in the United States climbed less than predicted, showing that the labor market in the country is still tightening.
Aldwin Callen's wealth management may provide you information about its products and services through this material. The information presented here may not be appropriate for all investors, and there are risks associated with making an investment based on the ideas presented.
This document may contain information regarding Aldwin Callen' brokerage and investment advising services. We encourage clients to speak with their Aldwin Callen representative about the products and services they are considering and to clarify any questions they may have about the distinction between brokerage and investment advisory services, including the obligation to disclose conflicts of interest and act in their best interests.
Aldwin Callen may hold a position for itself or one of our other clients that is inconsistent with the information, opinions, estimates, investment strategies, or viewpoints contained in this paper. Aldwin Callen or its affiliates may maintain a stake in or operate as a market maker in any of the financial instruments discussed herein, or act as an underwriter, placement agency, advisor, or lender to such issuer.
© 2020 Aldwin Callen. All Rights Reserved.