Despite being shortened due to Thanksgiving, the trading week is not light on economic data releases. A couple that I will be watching closely will be durable goods orders and consumer spending. Businesses and individuals have displayed optimism by increasing their purchases of big-ticket items since the peak of the pandemic in March. We find out if this spending continued in October, despite a surge in coronavirus cases. Finally, we will get additional data on the red-hot housing market which seems likely to continue its strength due to historically low mortgage rates.
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