As we close out a shortened week, our Mosaic team would like to wish you and your families a very Merry Christmas and our best wishes for a healthy holiday season. We still have a little less than a week to go before we can officially close out the year, but it appears that our financial markets will hold steady and close at or near the highs.
The weekly jobless claims were slightly better than expected and that is welcome news. Of course, with fresh new waves of lock downs hitting, these numbers will continue to fluctuate in the weeks ahead. The House and Senate have agreed in principle to a new stimulus plan, but President Trump has threatened to veto the bill if individual payments to families is not higher than the $600 proposed. As of this morning, it appears the negotiating is still ongoing with a vote expected to now come early next week. The political gridlock in Washington continues with no end in sight, at least until January 20th that is.
Because this is “2020”, I’m sure there will be additional fireworks before we can close this chapter. Like you, I am ready to move onward and upward!
Enjoy your time with family and friends over these next few weeks, safely of course!