Last week’s economic reports are below. Notice that the housing sector is continuing to recover nicely as low rates are fueling a rebound. This trend is seen as a good sign as the housing sector is an important component of the U.S. economic health. Jobs are created though construction and durable goods should show improvement if the pace of the recovery continues.
What to expect this week? Once again it is a holiday shortened trading week. However, there will be a significant number of key reports that will be released. Watch closely for the ISM manufacturing that is expected to rise above the 50 level again. Also, look toward the end of the week of the employment numbers.
(Of course not much matters at this point aside from the obvious fiscal cliff hoo0ha)