Money Talk Podcast, Friday Dec. 30, 2022

Landaas & Company newsletter  January edition now available. Advisors on This Week’s Show Kyle Tetting Tom Pappenfus Paige Radke with  Jason Scuglik Week in Review (Dec. 26-30, 2022) SIGNIFICANT ECONOMIC INDICATORS & REPORTS Monday No major releases Tuesday Housing inflation continued to slow in October. The S&P CoreLogic Case-Shiller national index rose 9.2% from its year-earlier measure. It was the seventh consecutive deceleration from a record high of nearly 21% in March. An economist with the Case-Shiller index said higher mortgage rates, fueled by Federal Reserve interest rate increases, remains a head wind for home prices. Wednesday The National Association of Realtors also blamed higher interest rates for a 4% decline in its pending home sales index. The drop was the sixth in the row for the index, which was down 38% from the year before and stood at the second lowest level in 20 years.https://www.nar.realtor/newsroom/pending-home-sales-slid-4-0-in-november Thursday The four-week moving average for initial unemployment claims fell for the third week in a row, suggesting ongoing strength in the labor market. The measure of employers’ willingness to let workers go was 40% below its 55-year average, according to Labor Department data. Total claims numbered more than 1.6 million, up 6% from the week before but down from 2.2 million the year before and 20.4 million at the same time in 2020. Friday No major releases MARKET CLOSINGS FOR THE WEEK Nasdaq – 10466, down 31 points or 0.3% Standard & Poor’s 500 – 3840, down 5 points or 0.1% Dow Jones Industrial – 33148, down 56 points or  0.2% 10-year U.S. Treasury Note – 3.88%, up 0.13 point Not a Landaas & Company client yet? Click here to learn more. More information and insight from Money Talk Money Talk Videos Follow us on Twitter. Landaas newsletter subscribers return to the newsletter via e-mail