Every Single Economic Indicator That Comes Out Daily Is Showing That the Economic Train Is Picking Up Passengers & Speed……….

Folks you may start getting tired of me writing about the Economic Train and how it continues to speed across our country picking up passengers and speed on a daily basis.

Tomorrow is a big day! The 3rd Quarter GDP will be adjusted. It came out initially at 3.0%. I anticipate it being revised to 3.4% or 3.5%. The 4th Quarter is setting itself up to be absolutely spectacular. Reaching 5% for the 4th Quarter is not out of the realm of possibility.

https://www.peoplespunditdaily.com/news/economy/2017/11/28/consumer-confidence-october-new-17-year-high-september-revised-higher/

From the article linked above:

The Conference Board said Tuesday consumer confidence exploded in October to a new 17-year high and September was revised higher to 16.2. The Consumer Confidence Index now stands at 129.5 (1985=100), up from 126.2 in October and easily topping the 124.5 median forecast.

The Present Situation Index continued to increase from 152.0 to 153.9, while the Expectations Index rose from 109.0 last month to 113.3.

“Consumer confidence increased for a fifth consecutive month and remains at a 17-year high (Nov. 2000, 132.6),” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions improved moderately, while their expectations regarding the short-term outlook improved more so, driven primarily by optimism of further improvements in the labor market.”

https://www.peoplespunditdaily.com/news/economy/2017/11/28/fhfa-house-price-index-hpi-third-quarter-september/

From the article linked above:

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose 1.4% in the third quarter (3Q) of 2017 and by a seasonally adjusted 0.3% from August. The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

“With relatively favorable economic conditions and a continued shortage of housing supply, price increases in the third quarter were generally robust and widespread,” said Andrew Leventis, Deputy Chief Economist. “At some point, declining housing affordability should temper appreciation rates in some of the nation’s fastest appreciating markets, but our third quarter results show few signs of that.”

https://www.peoplespunditdaily.com/news/economy/2017/11/28/fifth-district-manufacturing-survey-doubles-november-highest-since-1993/

From the article linked above:

The Fifth District Survey of Manufacturing Activity by the Richmond Federal Reserve more than doubled in November, soaring from 12 to 30. The actual results are double the median forecast of 15 and much stronger than the forecast range, which was from 11 to 16.

It’s the highest the Fifth District Survey of Manufacturing Activity has been since 1993. The extraordinarily strong reading was fueled by strengthening conditions across all three components of the index.

The shipment index skyrocketed as a percentage from 9% to 33%, as did the volume of orders (17% to 35%).

https://www.cnbc.com/2017/11/28/us-stocks-amazon-cyber-monday-powell.html

From the article linked above:

Amazon leads S&P 500 and Dow to record highs after strong Cyber Monday sales

– The e-commerce giant saw its shares climb 0.5 percent in early trade after Cyber Monday sales were projected to hit $6.59 billion by Adobe Insights.

– Amazon’s stock has been on fire for the past week, rising nearly 5 percent, as the holiday shopping season kicks off.

– The S&P 500 and Dow Jones industrial average both hit record highs at the open.

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