Succinct Summation of Week’s Events (12/21/2012)

Succinct summation of week’s events: Positives: 1) Durable goods orders in Nov bounce and Oct revised higher as cap ex stabilizes after previous 4 mo’s of weakness. Still, cap ex basically flat y/o/y. 2) Philly mfr’g in Dec bounces unexpectedly to +8.1 from -10.7 as this region wasn’t…

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Succinct Summation of Week’s Events (12/21/2012)

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