Stock Market Nerd Macro: November 27, 2023

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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.
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