Posted on 08/24/2011 5:59:14 AM PDT by blam
July Durable Goods Beat Expectations At 4%
Mamta Badkar
Aug. 24, 2011, 8:30 AM
Headline: Headline figures came in up 4% versus expectations of 2%.
Ex-transportation figures are up 0.7% in July. Ex-defense durable goods are up 4.8%.
But there's bad news too. Core capital goods orders which exclude defense and transport were down 1.5% versus expectations for 0.5% gains.
U.S. futures which were sharply lower have moved higher on the news, but remain in negative territory ahead of the market open.
Expectations:
2% month-over-month increase in new orders. 0.1% year-over-year increase in new orders. Ex-transport, durable goods orders are expected to fall 0.5%. Analysis: Durable goods orders in June fell a revised 1.9% month-over-month, from the original 2.1% figure.
Last month, transportation had been the weakest component plummeting 8.6%. Ex-transport, durables were up a revised 0.4%.
(Excerpt) Read more at businessinsider.com ...
>> U.S. futures which were sharply lower have moved higher on the news
The equities markets are convulsing like a gut that ate something tainted, aren’t they?
Increase in durable goods = people stocking up for hard times.
Which is why I'm currently picking transport stocks. Hat tip to Rippin for putting this idea in my head.
Or an undisciplined populace continuing to leverage consumption to the hilt.
As long as the Democrats occupy the White House, according to the media, they will always be up, whether they actually or not. When the Republicans occupy the White House, the opposite takes over[everything is down].
CHANGE not good.
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