Core Durable Goods Orders Contract For 22nd Straight Month - Longest Non-Recessionary Streak In US History

For the 22nd straight month, US durable goods order (ex-transportation) declined on a year-over-year basis in October. This is the longest non-recessionary streak in US history bar none.

 

 

But it's probably nothing, because this was pre-election and since then everything (survey-wise) has been soaring... we are yet to see "hard data" items.