Domestic Equities Move Higher, Home Sales Rise and Euro Economic Activity Improves in the Weekly Market Update By Valeo Financial Advisors (February 25, 2017)
February 25, 2017    Disclosures    POSTED IN  InvestmentsEconomyMarkets

In the shortened trading week, domestic equity stocks reached all time highs again with the 30 blue chip stock index, the Dow Jones Industrial Average, finishing 11 straight days higher the longest streak in roughly 30-years. Home sale data reported this week was extremely favorable with seasonally adjusted existing sales at a 10-year high for the month of January; domestic economic data has markets pricing in a 26% chance for an FOMC rate hike in March and 43% in May. On the international front, U.K. fourth quarter GDP was revised higher to 0.7% growth while economic activity in the Euro area, measured by the composite Purchasing Managers Index at 56.0, reached the highest level in 6-years.

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