December 18, 2017
Sudden momentum in the new home market is becoming the big story for the fourth-quarter economy. Today's housing market report shot higher to an expansion high and includes a burst in customer traffic.
Tax cuts are the story for the stock market which continues to post strong gains as passage of Republican package now seems imminent. The Dow rose 0.6 percent to a new record at 24,792. Money moved out of bonds as the 10-year Treasury yield rose 4 basis points to 2.39 percent.