Reply To: Traders Market Weekly: Santa Claus Came to Town


Durable goods orders surged 5.4% month-over-month in November (consensus 2.5%) following an upwardly revised 5.1% decline (from -5.4%) in October. Excluding transportation, durable goods orders were up 0.5% month-over-month ( consensus 0.2%) following a downwardly revised 0.3% decline (from 0.0%) in October.

The key takeaway from the report was found in the reading for nondefense capital goods orders excluding transportation — a proxy for business spending. It was up 0.8% month-over-month on the heels of a 0.6% decline in October, connoting a welcome reacceleration in order activity that will mesh with a soft landing outlook.