"We're Gonna Need More War" - November Factory Orders Plunge Most Since August 2014 Despite Defense Spike

Following October's pre-election surge in new factory orders, November saw orders plunge 2.4% MoM (worse than expected) and the biggest drop since Aug 2014. This drop comes despite a 103% MoM rise in defense aircraft orders as non-defense aircraft orders crashed 73.8%. Factory Orders also dipped back into negative territory YoY.

An ugly drop in factory orders in November...

 

And Year-over-year, Factory Orders declined for the 23rd month of the last 25...

 

It appears we are going to need more war to keep this dream alive...

 

Does this look like a healthy economy being handed to Trump?

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