The S&P 500 futures currently trade four points below fair value.
Just released, the first estimate for Q3 GDP registered at 4.3% (Briefing.com consensus 3.0%), from a final Q2 level of 3.8%.
The GDP price deflator checked in at a preliminary level of 3.8% (Briefing.com consensus 2.7%), from a final Q2 level of 2.1%.
Durable goods orders decreased 2.2% month-over-month in October (Briefing.com consensus 0.3%) following an upwardly revised 0.7% increase (from 0.5%) in September.
Excluding transportation, durable goods orders decreased 0.2% (Briefing.com consensus -1.1%) following an upwardly revised 0.7% increase (from 0.6%) in September