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Dallas Fed Plunges, Biggest Miss In 16 Months As New Orders Collapse
With Philly Fed surging to record highs (along with stocks) but Services PMI dropping "as the recovery fades," it was left to Dallas Fed to split the buy good news or buy bad news dilemma this morning. It was bad news - from 2012 highs, Dallas Fed plunged to 7.1 (against 12.7 expectations) for the biggest miss in 16 months. Production fell, capital expenditure and employment subindices all fell and New Orders collapsed at the fastest rate since April 2013 (to 2014 lows). Even hope faded as the outlook index dropped.
Escape Velocity?
Hhmm... New Orders plunge to 2014 lows...
Charts: Bloomberg
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Where is JR?
What does anyone expect? Q2 inventories were up which is what caused GDP to rise... Now the opposite will hold true with new orders declining to compensate for higher inventory... No magic here, but will drive Q3 GDP into the toilet...
Dallas down, Chicago up....who gives a fuck!
BTFATH,
But we're above 2000!? What could go wrong?
If this keeps up, next stop 2500.
actully it would be 2001.. Almost like the space odyssey
So much negative bullish news today I can hardly contain myself!!!
More sanctions are needed on Russia and Putin. (sarc)
There is that word again: collapse.. When EBT buys nothing, thats collapse..
Chumba, time to roll that 'Hippo Fart' youtube video again!
The silver lining is its not negative yet. /s
Keep stacking.
Bad news is good news.
Funny how when stocks rip for 9 straight days i never hear anyone claim they are "overbought"....
Bad news good.
Good news good.
Main Street, esp small businesses in the private sector are in very bad shape. I read some of the e-commerce sites this morning and small online businesses say sales plunged to 60-80% below last year same time.
"Broke Back Main Street" is the sad situation. I expect more bankruptcies, online store closures, etc which will lead to more cc defaults, more mortgage defaults over time, etc
But stocks keep going higher. Bad is good.
know a couple of retail internet sites that are either down yr to yr or growth curve drastically slowed down
so slow down has spread from main st to big box to mall and now the internet
the Fed can spend money on the index to prop it up, create phony stats on aggregates but the stats on the ground for a specific business they cannot
they cannot hold the line until the election is over - democrats are cooked
maybe time for the "dancing israeli's" again in Jersey City!
AS long as corporations can buy stock with borrowed money, what could go wrong? Why do we need sales?
The stock market will make a glorious headstone for our economy.
That's because while media has been pretending otherwise with their broadcasting approach based on what they think is Exceptionalism, there is no more "NEWS".
You and your 5 yr old Pomeranian can right now with just a little exercise of the little grey cells write tomorrow's, next week's, next month's next year's, next decade's "NEWS" and be within a flea fart of a fraction of dead on.
Try it.
Here, I'll start with just 4 pieces you will, if you have nothing more important to do, read about in the near and far future: Tomorrow's NEWS today:
"There is unrest in the Middle East"
"The Jews and Palestinians have declared a 24 hour cease Fire for Rama Lama DingDong".
"A 24 hr Cease Fire was broken when Hamas was found out to be an ancient derideviation of the latin declension, "Hamo, Hamas, Hamant" ,and not a Terrist group afterall".
"Inflation remains under control according to J Yell".
Now, you try and write a headline that is completely predictable, and therefore not "News".
We passed "peak news" back in the cliton admenstruation when the definition of words heretofore taken for granted were relieved of all previous meanings, leaving the human beans of the world at a loss to communicate with each other with any kind of accuracy.
What now passes for "NEWS" is a taped Loop that was prepared decades ago and played with new faces, like Peter Orszag's voluptuous wife whose huge tits are suppressed under a tight bra/girdle on the morning show, and then lip-synched.
It seems no suggestion of weakness no matter how subtle can exist because it may begin to unravel the already fragile consumer confidence. They don't want to enter the weekend or a holiday with a bad market. While I think the market is way to high and distorted it is difficult to time a top. More on the reason for bears to be cautious in the article below.
http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-conf...
You seem like an OK dude, however fuck you for pimping your blogspot incessantly.
Well why not the idiot with multiple accounts from Korea pimps his every day like clockwork...
We ain't lettin' nuttin' spoil this party!!
Can't wait for the entire economy to grind to a halt thus pushing the S&P above 5000.
None of it matters when "Call me Bubbles" Yellen and Draghi are in charge.
Possessing a Ph D from MIT, a wealth of business and soft porn production experience, leading economic critic, sometime rodeo Barrel Rider, and speedo wearer at the office, Budgie Twitters, says, "This is most obviously, due the weather. So, let it be written, so, let it be done".
I've been reading headlines like this on zerohedge for 5 years. Honestly, does it even matter anymore? I've stopped reading them. Keep stacking bitchez
Keep raising prices and profits until the customers fall off. Then buy-back shares with ever-cheaper money.
Got senctions? Europe is hurting and next is the US.
"Orders? We don't need no stinkin' orders!"
JEEZ, its a process!
Put Bollinger Bands around it before you declare a change in direction!
buy the dip!
PMs now the only assets in the tank. Metals bad, paper good.
How will this effect house prices?
This is bullish. Transitional weakness, followed by transitional moderation, followed by positive outlook.
wtf
https://www.youtube.com/watch?v=GcwqCmEi9Jc