Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator.
For reference, here are a few charts depicting this measure.
First, from the St. Louis Fed site (FRED), a chart through December, last updated on January 26. This December value is 214,522 ($ Millions) :
Here is the chart depicting the measure on a Percentage Change from a Year Ago basis:
Lastly, a chart from Doug Short’s post of January 26 titled “Durable Goods Orders Up 3%, Beating Expectations” showing the Durable Goods New Orders vs. the S&P500:
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1313.01 as this post is written