Happy Holidays!
Hanukkah starts on Christmas Eve this year and that only happens about once every 20 years so it seems like something special could happen. This is going to be a very low-volume, meaningless week in the markets with tomorrow being a half day (markets close 1pm) and Wednesday a proper holiday and all.
But it’s not like nothing is happening as we have the Chicago Fed this morning and some short-term Note Auctions. Durable Goods, Richmond Fed, New Home Sales and more auctions on Christmas Eve – and I wonder who’s going to show up to bid? Even more auctions on Boxing Day and some Inventory Data and suddenly it will be 2025!
There are not even any earnings reports this week or next so what are you doing here (I’m not even here – I’m on a cruise!)? Nothing much matters until Jan 15th, when Bank Earnings begin and, of course, Jan 20th – when all Hell breaks loose but, until then – relax!
