Activities will begin late tomorrow morning with the release of two moderately important economic reports. One is December's Factory Orders report that is similar to last week's Durable Goods Orders release in giving us a measurement of manufacturing sector strength. This version includes new orders for both durable and non-durable goods. It is not one of the more important reports we get each month, however, it can influence mortgage pricing if it varies greatly from forecasts. Analysts are expecting a 2.5% decline in new orders, indicating weakness in the manufacturing sector. The bond market would like to see a larger decline, meaning that manufacturing activity was weaker than many had thought.