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    Durable Goods Continue To Rise, Sentiment Unsteady As Lockdowns Impact Confidence, Housing Continues Surge From Dem Violence, COVID Repression

    November 25, 2020
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    Boeing Designation: 377 Official Nickname: Stratocruiser

    Durable goods orders released this morning rose for the sixth month in a row. Ever wonder why the corporate business media has been so against Boeing, especially prior to the 2020 presidential election? Because, Boeing is America's biggest big-ticket exporter in dollar terms. Just like the vaccine, the FAA put Boeing's 737 MAX back in the air AFTER Nov 3rd, in order to harm President Trump's re-election chances.

    Housing continues to be strong as wealthy Americans move away from Democrat-run violent, locked-down cities.

    The trade balance continues to grow and be a problem. Look for this to improve after Trump is inaugurated on Jan 20, and the world has to face a strong America where trade terms are concerned.

    Consumer sentiment remains weaker due to lockdown and election uncertainty.

    Durable Goods Orders ex Transportation (Oct) printed at 1.3% vs 0.4% consensus estimate.

    Core Personal Consumption Expenditures (QoQ) (Q3) PREL printed at the estimate of 3.5%.

    Wholesale Inventories (Oct) PREL printed at 0.9%.

    Durable Goods Orders ex Defense (Oct) printed at 0.2%.

    Continuing Jobless Claims (Nov 13) printed at 6.071M vs 6.02M estimate.

    Gross Domestic Product Price Index (Q3) PREL printed at the estimate of 3.7%.

    Goods Trade Balance (Oct) printed at -$80.29B estimate.

    Personal Consumption Expenditures Prices (QoQ) (Q3) PREL printed at 3.7%.

    Durable Goods Orders (Oct) printed at 1.3% vs 0.9% estimate.

    Initial Jobless Claims (Nov 20) printed at 778k vs 730k estimate.

    Nondefense Capital Goods Orders ex Aircraft (Oct) printed at 0.7% vs 0.5% estimate.

    Initial Jobless Claims 4-week average (Nov 20) Printed at 748.5k.

    Gross Domestic Product Annualized (Q3) PREL printed at 33.1% vs 33.2% estimate.

    Personal Consumption Expenditures - Price Index (YoY) (Oct) printed at 1.2%.

    Core Personal Consumption Expenditure - Price Index (MoM) (Oct) printed at 0%.

    Michigan Consumer Sentiment Index (Nov) printed at 76.9 vs 77 estimate.

    Personal Income (MoM) (Oct) printed at -0.7% vs 0% estimate.

    Personal Consumption Expenditures -Price Index (YoY) (Oct) printed at 0% vs -0.1% estimate.

    New Home Sales (MoM) (Oct) printed at 0.999M vs 0.97M estimate.

    Personal Spending (Oct) printed at 0.5% vs 0.4% estimate.

    New Home Sales Change (MoM) (Oct) printed at -0.3% vs 1.5% estimate.

    Core Personal Consumption Expenditure - Price Index (YoY) (Oct) printed at the estimate of 1.7%.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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