Investors don’t like the unknown and right now the degree of political drama that’s out there has driven those with money to spend to the sidelines. The firing of FBI Director Comey and the threats N. Korea has directed at the U.S., have created enough tension that the market is staying flat. Initial and Continuing Jobless Claims have hit new lows but April’s Retail Sales with an increase of 0.4% vs. the expected 0.6%. What does this mean? While the economy is still strong, consumer and investors alike are thinking a little harder about how they are spending their money.
Geoffrey Davis – Mortgage Loan Consultant
First United Bank & Trust
6401 S. Custer Rd.
McKinney, TX 75070