Stock Market Nerd Macro: November 27, 2023

By Brad FreemanNovember 29, 2023Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Stock Market Nerd Macro: November 27, 2023

Consumer and Employment Data:

Michigan Consumer Expectations for November came in at 56.8 vs. 56.9 expected and 56.9 last month.
Michigan Consumer Sentiment for November came in at 61.3 vs. 60.4 expected and 63.8 last month.

Output Data:

3.79 million existing home sales for October vs. 3.9 million expected and 3.95 million last month.
0% core durable goods orders M/M growth for October vs. 0.1% expected and 0.2% last month.
-5.4% durable goods orders M/M growth for October vs. -3.1% expected and 4.0% last month.

Inflation Data:

Michigan 1-year Inflation Expectations for November came in at 4.5% vs. 4.4% expected and 4.4% last month. 5-year inflation expectations remain at 3.2% as expected.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

Read more about Brad Freeman (StockMarketNerd)

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