Durable goods looking ugly this time around. Last month revised lower too.
Per SeekingAlpha and ZeroHedge.com
Those guys get their durable goods orders info from the Census Bur:
| New orders for manufactured durable goods in March decreased $13.1 billion or 5.7 percent to $216.3 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 4.3 percent February increase. Excluding transportation, new orders decreased 1.4 percent. Excluding defense, new orders decreased 4.7 percent. |
Major stock indexes don't seem to show much reaction from traders, though there were a lot of strong earnings reports yesterday.