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Factory Orders Beat Expectations Thanks To Major Seasonal Adjustments
Non-Seasonally adjusted New Orders dropped 0.6% YoY - the biggest drop in 11 months (and Capital Goods New Orders plunged 10.2%) but of course, in the current weather-related slowdown-reality, despite a notable mark-down in last month's seasonal data, the headline "common knowledge"-defining data will be the Factory Orders beat expectations (off a lower base).
Seasonally-adjusted MoM beat..
But non-seasonally adjusted this is the biggest drop YoY in New Orders in 11 months
By far the worst start to the year since 2009...
Charts: Bloomberg
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Good for 10 spx points! Bullish!
Sure they did!
Were the 7 million signups for Obozocare seasonaly adjusted as well ?
Inquiring minds want to know.
So it's really all statistics now...
We live in a totally statistically controlled world...
Be model citizens in model space.
Truman Show Everybody!!!
I.D.I.O.T.S!
ori
if you want to know what an algo circle jerk looks like... look at the ES trade this morning...
I see Mike Jackson Auto Nation CEO has a brand new face, just like John Kerry's ( only smaller and rounder ).... The Face Factory orders must be up too.
Ride the Botox Bull, bitchez.
That got a +1 for weird comment of the day, and we've barely begun...well, mine is now past sundown, but....
Whoa Nelly!!!!!
My dick is 13 inches long. Seasonally adjusted.
Magically adding 10 inches does that.
Do you decrease the measurement by four because of winter too? I thought I was the only one.
".....I told her in advance I was built like a baby, and she said it was ok, she would love me anyway, but when I dropped my drawers she changed her mind -- 7 lb 2 oz and 18 inches...."
Must have been a different season last year....
And this must be the season of BS.....