Monday, December 23, 2024

Daily Economic Update: December 23, 2024

Friday's PCE readings came in below expectations, providing some relief for stocks.  We also got relief from a government shutdown with the passage of a stopgap measure to keep the government funded at current levels for the next 3 months.  Speaking of government there are Treasury Auctions on the 23rd, 24th, and 26th this week.

Speaking of relief, this week you'll get relief from this blogger, the post will feature one lesson a day from William Green's book Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life

Lesson 1 Keep It Simple:
"Let's make it simple. Really simple.” - Joel Greenblatt
Simplicity is key to successful investing. Focus on a few key factors that are likely to drive a specific business, and don't get bogged down in complexity. Apply a similar mindset to life by focusing on your top priorities and not getting distracted.

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