Reply To: Traders Market Weekly: Fear and Greed in Las Vegas.

#73954
Truman
Participant

Durable goods orders increased 2.6% month-over-month in March (consensus 1.8%) following a downwardly revised 0.7% increase (from 1.4%) in February. Excluding transportation, durable goods orders increased 0.2% month-over-month (Briefing.com consensus 0.3%) following a downwardly revised 0.1% increase (from 0.5%) in February.

The key takeaway from the report is that it matched the framework of a soft landing for the economy, with nondefense capital goods orders excluding aircraft — a proxy for business spending — increasing 0.2% on the heels of a 0.4% increase in February.