US Congress appears to be finalizing the final details of a coronavirus relief bill that will include stimulus checks. The need for more support is still warranted despite recent improvements with the economy. The short-term outlook will likely be covered with extended lockdowns that will cripple many small businesses. Support from the both the Fed and the Biden administration suggest stimulus efforts will remain in place for the early part of 2021. On the data front, much attention will be on the final third quarter GDP readings, December consumer confidence, preliminary November durable goods data, and weekly jobless claims. The economy is starting to show deeper signs of slowdown and that could increase expectations that the next nonfarm payroll report will see job losses.