Just when it looks like the bears are going to drive the final nail in the coffin, the bulls pick themselves up off the mat and come out fighting again. Friday's huge upside reversal forces us to acknowledge the possibility that we may yet stave...
In July, US durable goods orders disappointed again. On a monthly basis, durable goods orders rose...
For more information, read our latest forex news and reports.
Wall Street Sector Selector » Page not foundAug 26Comment
Durable Goods Orders Downside Surprise; Details Range from Weak to Abysmal
Courtesy of Mish
Spending on durable goods rose slightly in July but only on the back of an unsustainable spike in aircraft orders. The rest of the data ranged...
U.S. Stocks Pare Losses as Health-Care, Technology Shares Gain
U.S. stocks trimmed losses as
health-care and technology shares advanced, helping the...
Not a pretty set of data out this morning. There are increasing signs that this economy is sinking like a rock without government aid.This morning's existing homes sales and durable goods orders were much weaker than expected.
Like the...
Durable goods orders for July increased a meager 0.3 percent in July, which were far weaker than...
For more information, read our latest forex news and reports.
A quick little look ahead... Friday is going to be a huge day.
At 8:30 AM we get the first revision to Q2 GDP, and right now the estimate is for growth of about 1.5%. And when you consider that just about everything's missing big right now (like...
After yesterday's surprisingly bad US existing home sales figures heightened fears of a global slowdown, news that orders for the country's manufactured goods were weaker than expected has sent new shudders through the markets.
US durable goods...