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| Eric Marvin, CFP® |
Just out at 8: 30 A.M. was the weekly jobless claims data. The number came in at 364,000, which is the lowest level in over three years. This is starting to give the impression that the labor market is slowly, but surely showing signs of life. Also released this morning was the latest and greatest GDP numbers. These came in at a revised 1.8 percent for the third quarter compared to the previously estimated 2 percent.
One of the reasons for the revision lower came in the form of healthcare spending. In the first estimate, healthcare was reported to contribute a 0.61 percent growth rate versus the final number of minus 0.1 percent.
The markets will look to continue the strong seasonality trend into the New Year, but be sure to keep an eye out for bumps in the road along the way.
Past performance is no guarantee of future results.
Eric M. Marvin
CFP® in Fort Myers, FL
JPT122211-2093
