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.
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