Here comes durable goods ...

At 8:30 a.m. ET, we'll get the November durable goods orders report.

Economists estimate orders fell 0.7% in November. Nondefense capital goods orders excluding aircraft, or core capex, is expected to have declined by 0.2%.

Here's RBC Capital: "Boeing orders were quite strong in November and thus the nondefense aircraft space should support topline durable goods orders nicely. We look for a +1.5% read on the broad measure. The guts of the report will likely be mixed. The headwinds facing the manufacturing arena from a strong USD/weakening commodity complex/slower global growth remain in place and should weigh on capex orders in the near term. That being said, extremely easy base effects should make for a firmer capex profile in H1 2016."

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