Housing data is coming out this week which includes home starts and mortgage applications. The housing data so far in this recovery phase has been surprisingly weak. We have seen a little bit of a drag to the economy in this area. It will be important to keep an eye on.
Durable goods data will also come out this week. This is where companies are spending capex or capital expenditures. September disappointed and we expect a weak October number as well. The start of the year started out strong but some people are estimating that tariffs have caused a dip in this area.
The final bit of data we will get this week is on consumer spending. This will be the last read we will get on the consumer before the holiday season. This number holds a lot of significance because there is a lot spending to be done before the end of the year. Last week we spoke about lower gas prices which could lead to more money to spend elsewhere. Hopefully, we can see some positive swings in some of these areas. Either way we will be able to tell a lot about how the year is going to close from this short week.
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