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The often volatile Durable Goods Orders report jumped 4.8% in October more than 10-times expectations on a 94.1% jump in civil aircraft orders. The proxy for business spending capital goods orders ex-aircraft component increased .4%, that said this component has registered, on average, no change now for 7-straight month’s underscoring the weak environment for business spending. A decent report but not anywhere near as strong as the headline implies.

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