Preliminary Durable Goods Orders for October are out this morning, as well: -5.4% is the lowest tally since July, and 200 basis points (bps) below the -3.4% expected. This again marks a victory for the Fed in the battle against inflation, although the monetary policy body is wisely resisting sticking the flag in prematurely. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.