The Economy: Everything was rosy in the US stock market yesterday on the announcement of a 90-day trade war truce by the US and China. Today that has been reversed as stocks plummet on the inversion of the US yield curve. Today we saw the yields on the 2-year and 3-year treasury move higher than the yield on the 5-year treasury. According to most analysts, an inverted yield curve is a sign of an impending recession within 12-months of the inversion.
Food for Thought: Not to dampen your holiday spirit, but the 2018-2019 data for college costs is out, and moving higher:
4-Year Public Colleges (in-state students):
• Tuition and fees increased an average of 2.5% to $10,230
• Room and board increased an average of 3.1% to $11,140
• *Total average cost for 2018-2019: $25,890 ($25,290 in 2017-2018)
4-Year Public Colleges (out-of-state students):
• Tuition and fees increased an average of 2.4% to $26,290
• Room and board increased an average of 3.1% to $11,140
• *Total average cost for 2018-2019: $41,950 ($40,940 in 2017-2018)
4-Year Private colleges:
• Tuition and fees increased an average of 3.3% to $35,830
• Room and board increased an average of 3.2% to $12,680
• *Total average cost for 2018-2019: $52,500 ($50,900 in 2017-2018)
* Total average cost includes direct billed costs for tuition, fees, room and board, plus a given sum for books, transportation, and personal expenses, which will vary by student (Data provided by Broadridge Financial Solutions).
Mixing Business with Pleasure: The festivities begin at the Fairmont Grand Del Mar starting December 17th through December 30th from 3 to 8 nightly. The Grand has created a fairytale with a carousel and Ferris wheel, snow sledding, and s'mores by the fire and much more. Winter Magic is about to begin at The Grand.