DC Lite #48

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1. Homebuilder sentiment. The NAHB Housing Market Index improved to 44 from 37, the biggest increase in nearly a year, driven by the sustained decline in mortgage rates.

2. Beige Book. "In the Beige Book, words matter. By our tally, some iteration of the words ‘weak’ or ‘slow’ showed up 83 times. This is the lowest count since April 2022."

3. Q4 GDP. The Atlanta Fed's GDPNow model estimate for Q4 GDP growth increased to 2.4% from 2.2% a week ago.

4. Client flows. "Comm. Svcs. and Health Care saw the biggest inflows with the largest inflows in our data history since ’08 in both. Comm. Svcs. has seen inflows since October."

5. Secular bull. "The secular bull markets from 1950- 1966 and 1980-2000 lasted 16 and 20 years, respectively, which means that the current secular bull market is middle-aged and can extend until 2029 to 3033."