Beige Book - December 5, 2018

Good, bad??

"Most of the twelve Federal Reserve Districts reported that their economies expanded at a modest or moderate pace from mid-October through late November...."

THAT is the gist of the entire thing. It's peppered with adjectives like moderate, slight, modest, etc., describing the general economic tone of each (U.S.) region. I don't see anything that's going to move the market in a big way unless specific expectations weren't met to satisfy wealthy investors, or maybe exceeds expectations if the were expecting negative reports. Guess we won't know that till the market responds. Probably mixed, (i.e. choppy).

I'm not an economic expert, but IMHO it's certainly not a raving review, but it's a better outlook than any news I've seen out of Europe recently. But that bar hasn't been raised very high lately.

In two days about 5% down??

Sounds solid