Turkey Trivia: Gobble ’til you Wobble!
Did you know that the heaviest turkey ever recorded weighed a whopping 86 pounds?! That’s about the size of a large dog! Imagine trying to fit that bird in your oven! 🦃
This fun fact is sure to get some giggles at the Thanksgiving table and might even make that 20-pound turkey seem a little less daunting.
Now on to our Normal “Blogging”
Economy Doing The Turkey Trot? (November 18th – 22nd) 🦃
Happy Thanksgiving week, everyone! While you’re busy prepping for feasts and family gatherings, the economy’s been cooking up some interesting reports. Let’s dig in and see what’s on the menu.
The Week That Was (November 18th – 22nd):
- Housing Market Holding Steady: Existing home sales came out this week, and they’re… well, not exactly rocketing skyward, but they’re not plummeting either. It seems like the housing market is doing a bit of a slow dance – maybe a graceful waltz? Higher mortgage rates are definitely a factor, but there are still plenty of eager homebuyers out there.
- Manufacturing Mixed Bag: The Markit Manufacturing PMI gave us a peek into the factory scene, and it was a bit of a mixed bag. Some industries are humming along, while others are tapping the brakes. Think of it like a Thanksgiving dinner with some dishes that are absolute hits and others that are, well, let’s just say you might have leftovers.
What does this mean for YOU?
This week’s reports probably won’t cause any major shifts in mortgage rates. The economy seems to be in a “wait-and-see” mode, much like many of us before a big Thanksgiving meal. We’re anticipating what’s to come, but not making any sudden moves just yet.
Looking Ahead (November 25th – 29th):
It’s a short week due to the Thanksgiving holiday, but there are still a few economic breadcrumbs to follow:
- Consumer Confidence Clues: We’ll get an updated reading on consumer sentiment, which basically tells us how optimistic people feel about the economy. Are they feeling stuffed with confidence, or are they starting to feel a bit peckish? This can influence spending and overall economic activity.
- Durable Goods Orders: This report tracks orders for big-ticket items like cars and appliances. A strong showing here could indicate that consumers are still willing to spend, which is good news for the economy.
The Bottom Line:
The economy seems to be taking a breather before the holiday season kicks into high gear. But don’t worry, I’ll be back next week to keep you updated on any new developments. In the meantime, enjoy the festivities, and don’t hesitate to reach out if you have any questions!
-tom