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Sunday, December 27, 2009

November Durable Goods New Orders Show M/M Improvement; Easy Y/Y Comparisons on Way -- Could Help Global Psyche

The U.S. Census Bureau released durable goods data last week (12/24) - link here. New orders showed slight M/M improvement:

On a Y/Y basis, we're in negative territory, but moving in the right direction as the world begins to lap depressed year ago figures -- from Briefing.com:

As we've discussed in the past, Y/Y comparisons will soon become very easy for virtually all sectors of the U.S. and global economy. Stabilization and/or slight Y/Y growth off of very easy comparisons can provide a psychological boost to the American public and the Market, even with slack industrial production and high unemployment.

Happy investing,

Jeffrey Walkenhorst

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© 2009 Jeffrey Walkenhorst
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