Open: 145.63 Close: 147.14 Change: 1.51

Today's Summary

Richard Thaler and Alex Emos discuss behavioral principles. Chicago leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. Average American consumes 227 pounds of meat per year while global average is 75 pounds. Wages & salaries in private-sector industries rose by 3.9% year-over-year to annual rate of $11.2 trillion. Government wages & salaries accounted for 6.8% of pre-tax personal income. Fannie and Freddie to buy back $200 billion in MBS, about the maximum they can buy back under legal limitations. Average listing prices climbed to $50,465, up 1.2% year over year and rising through late December to end the month 2.2%. Luxury models over $75K turn at just 63 days, the fastest in the market. Local law enforcement does not have the power to intervene in federal operations. U.S. needs to retain technological edge to balance out its productive weakness. China is eagerly rushing toward that robotic future. Some argue that selling China H200s will maintain Americas technological advantage. A new poll shows Americans now disapprove of ICE. USYC holds $1.69 billion in assets under management compared to BUIDLs $1.684 billion, a gap of roughly $6.14 million, or 0.36%. Mortgage lender Newrez explored counting Bitcoin and ETH toward mortgage qualification, applying discounted valuations to account for crypto volatility. President Trump said he hopes to sign the crypto market structure.