Monday, January 04, 2021

Notes Today: 

  • US Construction spending rose 0.9% in November, reflecting a surge in demand from buyers taking advantage of ultra-low interest rates or leave cities for more space during a pandemic. Spending on new homes rose 16.2% YoY.  

  • The US cost of buying a home climbed to the highest level in six years. 

  • US Manufacturing PMI climbed to 57.1 in December from 56.7 in November.  

  • Expected higher inflation ahead along with sovereign/corporate debt that’s out of hand is helping precious metals.

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