By Bill Hornbarger, Chief Investment Officer
Three Things to Know
- Until 2006, the Space Shuttle never flew on New Year’s Day or Eve because its computers couldn’t handle a year rollover. (Source: justfunfacts.com)
- As of Christmas Day, on a trailing basis, the S&P 500 was up 17.01%, 13.51%, 14.70%, and 13.73% for 1-, 3-,5-, and 10-years, respectively. (Source: Conway Investment Research)
- Disney surpassed 86 million subscribers for its Disney+ streaming service in its first year, a feat that took Netflix more than 9 ½ years to reach. (Source; Jon Erlichman, @JonErlichman)
Three Things to Watch
- Initial jobless claims on Thursday are expected at 830,000, up from 803,000 last week. Initial claims have been steadily rising in recent weeks, erasing the improvement seen in October and November and foreshadowing a weak December employment report.
- Boeing’s 737 Max will return to the skies for commercial flights on Tuesday with a flight from Miami to New York. The plane has been grounded for approximately 20 months.
- A record $70 billion in online purchases is expected to be returned starting this week, potentially straining FedEx, UPS, and the U.S. Postal Service.
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.