Financial Update by Maurice Soussé

We have had one of the most active days in the markets all year. The DOW was hammered today dropping as much as 300 points caused by a plunge in oil closing under $58 per barrel. This in turn had investors running for safety in the 10 year T-Bills which were pushed down to a 2.08% closing. That is the lowest yield since June of 2012.

How does that affect you? Rates have dropped again. As we reflect upon this holiday season, I came across a great quote from Norman Vincent Peale who said “Christmas waves a magic wand over this world, and behold, everything is softer and more beautiful.”