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.
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