- Tuesday of last week the U.S. Census Bureau reported that housing starts advanced 3.2% month over month in November. This puts housing starts at a seasonally adjusted annual rate of 1.365 million and up 13.6% from the same time last year. Industrial production also showed signs of life increasing 1.1% in November, exceeding expectations for a .8% monthly increase. Both macroeconomic indicators are pointing in the right direction. https://www.reuters.com/article/us-usa-economy/u-s-housing-market-regaining-steam-manufacturing-stabilizing-idUSKBN1YL1LA
- The Democrats and Republicans had a kumbaya moment and were able to get the House to pass the reworked North American trade agreement – USMCA on Thursday of last week. It was a victory for all sides and takes one more question mark off the table. https://www.washingtonpost.com/us-policy/2019/12/19/house-passes-reworked-north-american-trade-deal-victory-trump-democrats/
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