Economic data for the week included producer and consumer inflation reports that showed pricing ticking upward, as expected, while sentiment declined and labor data, while strong, came in below expectations.
On a holiday-shortened week, home sales and price data came in solidly, as did jobless claims; manufacturing data came in expansionary but at a slower pace, while consumer sentiment declined a bit.
Weekly Economic Update | LSA Connect
Fourth Quarter/Full Year 2017 Market Update
The fourth quarter rally in global equities capped off one of the best years for global assets since the 2008 recession, which was spurred in part by strong third-quarter earnings worldwide, easier monetary policy, positive investor sentiment and optimism about the final passage of a much-hyped tax plan in the US.