This was a slight downward revision. Nothing to cheer and really nothing to write home about. September Durable Goods were revised down .1% MoM in Sept and .05% MoM in Aug. Here’s a picture of Factory Orders. Looking at this time series, it’s almost as if the recession that has been 2 years in the waiting was merely coming off a covid fever sugar high. Orders briefly went negative, but now climbing. Let’s see if we can maintain the positive momentum from Q3, stay tuned. Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice or an investment outlook.
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Douglas R. Terry, CFA considers the following as important: 5.) Alhambra Investments, durable goods, economy, factory orders, Featured, newsletter
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This was a slight downward revision. Nothing to cheer and really nothing to write home about.
September Durable Goods were revised down .1% MoM in Sept and .05% MoM in Aug.
Here’s a picture of Factory Orders. Looking at this time series, it’s almost as if the recession that has been 2 years in the waiting was merely coming off a covid fever sugar high. Orders briefly went negative, but now climbing. Let’s see if we can maintain the positive momentum from Q3, stay tuned.
Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at [email protected].
Tags: durable goods,economy,factory orders,Featured,newsletter