Data Recap from Karim

Karim writes: The overall income numbers held up well for November despite the weak payroll number; momentum building for consumer spending; capex staged solid rebound Personal income up 0.3% Real disposable income (after inflation and taxes) up 0.2% Personal spending up 0.3% and up 3.8% last 3mths annualized Core PCE deflator 0.1% and 0.8% y/y Capital goods orders ex-aircraft and defense [...]