Core Durable Goods Orders Tumble Most Since June

After 8 months of gains, amid crowing analysts celebrating America's revival, core durable goods orders dropped 0.2% in March - the biggest drop since June 2016.

Furthermore the headline durable goods data missed dramatically (+0.76% vs +1.3% expected) as did Capital Goods Orders (non-defense, ex-air) rising only 0.2% MoM.

Once again it seems 'hard' data is not supporting the exuberant 'soft' data.