Having promised silver-linings after each and every disappointing data item of the last two months, it appears even the sell-side's most ardent optimist has thrown in the towel (along with Goldman) as Deutsche's Jo Lavorgna stokes the "no rate hike please" meme after today's dismal durable goods data...
#Durablegoods [3] orders excluding transportation were down -0.2%, the 6th drop in a row which hasn’t happened since recession.
— Joseph A. LaVorgna (@Lavorgnanomics) April 24, 2015 [4]
What made up his mind?
[5]
As it seems the sell-side is waking up to the possibility that it's not just the weather...
[6]
As a reminder... it was the weather...
[7]
Now it seems real!!??
