jimbomo

Durable Goods Orders: Not as Bad as They Seem?

You make a good point and I believe we would have seen more excitement from the market if the results had been "marketed" this way. In fact, earlier this week the NAR said that sales of existing homes were up from the last month, which they were, but still down significantly from last year's same month results. But the market went up.

Personally, I think investors should be smart enough to interpret the data each way and I believe they did. The NAR data looks like the reversal of a downtrend but the durable goods data looks like a continuation of a downtrend.
Also, I'm assuming the durable goods data is raw numbers, not adjusted for inflation, and therefore maybe just flat YOY.
Jim
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