Futures Lower After Dreadful Durable Goods Number

Boeing Factory

Photo: Boeing

Horrible durable goods number…Analysts had expected growth of 0.3%. Instead we got a decline of 2.1%.

In the previous month we sow GROWTH of 1.9%, so this is a huge turnaround.

Ex-transport, growth was just 0.1% vs. expectations of 0.5% growth.

This all sets up ominously for this Friday’s advance look at Q2 GDP.

Futures are lower in the pre-market.

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