For the first time in a while, the market almost completely ignored the durable goods figures released today; instead favoring a discussion surrounding technology stocks (King/Box/Facebook/Oculus). The lack of attention focused towards a key component of the GDP figure largely stems from two reasons. First, the numbers themselves weren’t that interesting, with the broad Durable Goods number coming in at +2.2% on a M/M basis and the less volatile Durable Goods ex transportation at +0.2%. The broad number beat market expectations by 1.2%, while Durable Goods ex transportation was 0.1% below what market participants expected. Second, indicators that are, in…
Durable Goods Numbers Paint A Nervous Picture
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.