The economic rebound after the lockdown remains choppy as America's number one exporter in terms of dollar value, Boeing, is still hemorrhaging orders, which affects the supply chain. Democrat politicians are also pushing to lockdown the country through the election, and the corrupt media is pushing the fear porn.
Durable goods orders beat slightly an expected rebound after May. However, orders ex-defense were weak.
The Dallas Fed region showed a continuing rebound in manufacturing.
Markets are up approximately 1% today on expectations of a new coronavirus stimulus package being agreed to by The White House and Congress, easing fears of an unemployment compensation cliff, where payments would stop.
Durable Goods Orders ex Transportation (Jun) printed at 3.3% vs 3.5% consensus estimate.
Durable Goods Orders ex Defense (Jun) printed at 9.2% vs 18.6% estimate.
Non-Defense Capital Goods Orders ex Aircraft (Jun) printed at 3.3% vs 2.3% estimate.
Durable Goods Orders (Jun) printed at 7.3% vs 7.2% estimate.
Dallas Fed Manufacturing Business Index (Jul) printed at -3.
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