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%.
