Blowout Durable Goods Orders...Triple Expectations...Corporate Media Stutters

August 26, 2020
Blowout Durable Goods Orders...Triple Expectations...Corporate Media Stutters
Image by Seattle Municipal Archives

Blowout Durable Goods orders this morning, almost tripling the consensus estimate. The corporate business media talking heads were left stuttering to try and explain.

Defense orders and autos contributed the most to the better than expected results. In any event, the numbers were strong and cannot be ignored.

With markets at these high levels, traders did not bid up prices on the numbers. Equity futures are essentially flat as we write.

Tomorrow's speech by Fed Chairman Jerome Powell at Jackson Hole, WY will be impactful.

Durable Goods Orders ex-Transportation (Jul) printed at 2.4% vs 2% consensus estimate.

Durable Goods Orders ex-Defense (Jul) printed at 9.9%.

Durable Goods Orders (Jul) printed at 11.2% vs 4.3% estimate.

Nondefense Capital Goods Orders ex-Aircraft (Jul) printed at 1.9% vs 1.9% estimate.



CD Media Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."

Leave a Reply

Your email address will not be published. Required fields are marked *

3 comments on “Blowout Durable Goods Orders...Triple Expectations...Corporate Media Stutters”


Subscribe to our evening newsletter to stay informed during these challenging times!!