Reply To: Traders Market Weekly: Embrace the Chaos in 2023

#49881
Truman
Participant

The key takeaway from the report is that real spending was flat while the inflation rates were still too high for the Fed’s liking, making for an off-putting stagflation mix.

The key takeaway from the report is that nondefense capital goods orders, excluding aircraft — a proxy for business spending — were up just 0.2% while shipments, which factor into GDP computations, were down 0.1% month-over-month.

Treasury yields moved higher after the reports were released.

The 10-yr note yield, at 3.70% a short time ago, sits at 3.73% now.
The 2-yr note yield, at 4.27% a short time ago, sits at 4.31%.