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

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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