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Durable Goods Orders Slide YoY 4th Month In A Row Despite Dramatic Upward Revisions
After dramatically upwardly revised data from last month (but following an even more dramatic downward revision to all historical data earlier in the month) - the highly noisy series of Durable Goods Orders printed -0.5% (from +5.1% in March, revised up from +4.0%). Capital Goods Orders (non-defense Ex-Air) beat expectations MoM (printing +1.0% vs 0.3%) and was revised remarkably up from the biggest drop since 2012 to a 1.5% rise in March.
Core Capital Goods Orders, however, remains negative YoY for the 4th months in a row. The last time this happened was either a recession, or the Fed unleashed QE3.
Durable goods ex-transports Y/Y: up sequentially, down Y/Y.
Core capex: the reason the USD is surging is because the core capex number printed up 1.0% compared to the 0.3% expected. And yet, on an annual basis we just printed yet another consecutive decline in April.
All this despite drastic revisions in historical data.
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Bullish
Send in the Clowns in 3..2..1
Bullish? Bullsh......................
Ludicrous seasonal adjustment speed!
Escape velocity almost reached!
ZH should rebrand and call itself Crime Story.
All finance related markets are rigged. Pathetic.
Zeroes are merely the contemporary version of The Born Loser. Gold, a Zero's favored investment, routinely plummets despite ZH's claim it would be several thousand per ounce by now.
Zeroes, do yourselves a big favor and sell whatever you have left of that ridiculous commodity.
The beatings will continue until morale improves.
This could go on for many years.
Terminal speed.
fify
funiest thing i heard on CNBC this morning: now blaming the good weather from over the weekend as-to why george clooney's new movie missed expectations over the weekend as well as why overall movie traffic was down. we will blame good weather, bad weather, snow, rain, sun, etc. on any & every # that does not come "in-line" with "expectations".
Classic case of "Expectations of being under the weather".
where is the Chart documenting the spoofing actions in pm?
or are we being selective ... only publish spoofing of Dubai based traders?
dont tell me this is the real market...
i feel stupid AND contagious.
Doubly sesesnally adjusted?
Doubly seasonally adjusted?
Zeroes never believe upward revisions because they don't confirm their 'the world's going to hell in a hand basket' data bias. However, they unquestionably embrace any negative data, even if it comes from a mainstream media source.
Zeroes are good like that. :-)
what is a zero? someone that has no imagination for an own nick, and instead tries to pass for someone else?
Trying to get any true reading from these metrics is like sniffing at the wind for signals as to our next meal.
Is the neighbor barbecuing or is his house on fire? Does it matter? Evidently the only thing important is what all the other neighbors think.
This sort of behavior will end up spoiling a perfectly good holiday and many will end up in tears.
http://www.beaujolaisnouveauday.com/
My six month forward look.
USSA & TBTF's inc., Insurance Co., via 'TPP'... reacts to 'Junk`Bond ratings[?]