Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
Instead of watching Old Wall TV on mute, here’s how we contextualized the data:
- Durable Goods #accelerated to +2.2% sequentially and to +8.3% year-over-year
- Durable Goods (ex-aircraft & defense) #accelerated to +6.1% year-over-year
- Capex (Capital Goods Orders) #accelerated to +7.8% year-over-year
We don’t need qualitative opinions. We need accurate data. Then we observe what Mr. Market thinks about that.