Market Update: Existing Home Sales, Manufacturing, and Jobs

Existing home sales climb for the 3rd time in 4 months

Rates drifting slightly higher

ADP private payrolls came in lighter than expected (129K vs est of 170K)

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Trade deficit explodes and other market-moving news

December trade deficit was expected to be lower by -$57.6B, as reported it was down -$59.8B