5 Secret Santa ETFs & Stocks This Christmas
Zacks Investment Research | Dec 18, 2019 10:10PM ET
Stock markets are sizzling this holiday season with all the three major U.S. bourses hitting new all-time highs. This is especially thanks to U.S.-Sino trade deal optimism and rounds of upbeat economic data, which point to a healthier economy.
In particular, the phase one trade deal reached between Washington and Beijing has erased fears of global slowdown and bolstered confidence in the market. Meanwhile, the U.S. economy is on a strong growth path with job additions at the fastest pace this year, unemployment dropping to the lowest level since 1969 and third-quarter GDP growth being revised upward from 1.9% to 2.1%.
The housing market is also showing signs of a strong recovery as lower mortgage rates and slower home price growth are acting as catalysts. Easing of Brexit tensions have also added to the strength (read: Zacks Investment Research
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