Key economic news will be released this week in the US, which should help clarify the murky picture of the economy

Key economic news will be released this week in the US, which should help clarify the murky picture of the economy. Last week, growth in personal income and spending was moderately positive, while jobless claims made a surprise jump. New orders for durable goods also climbed 0.4% in October, reversing a two month decline. However, minus transportation, durable goods dropped 0.9%. Nevertheless, the year over year increase in durable goods ex transportation is a robust 5.6%, while headline durable goods increased at an annual rate of 7.5%. We should get a clearer view of the economy this week with the release of ISM Manufacturing for November, ADP payroll estimates, and the November jobs report. Stay tuned. (VIEW LINK)