How About That [Hard] Data?

This hard data is becoming harder for the growth bears to accept.

Headline Durable Goods Orders rose +2.2% sequentially, accelerating to +8.3% year-over-year (ex-Aircraft, Defense = +6.1% y/y growth). Capex ramped to +7.8% year-over-year = 65 month high.

To 2017 growth #accelerating,

KM