Read the highlights of this week’s commentary from Helios:
We hope everyone had a wonderful Thanksgiving!
Initial jobless claims remain low, though they increased to 240K in the latest week, which was up from 223K the week prior. The 4 week average remains in the low 200Ks, at 226.75K.
Durable goods orders rose 1.0% in October, above the consensus expectation of a 0.4% rise. The October report is a good start to the fourth quarter for business investment. The fact that new orders exceeds actual shipments is a positive sign for near term production; however, that gap is the smallest since the pandemic began, so the speed of business investment may be slowing.
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