Courtesy of John Nyaradi.
Durable goods orders for August fell -0.1%, missing expectations and down from July’s +4.1%
Economic reports continue to show slowing of the overall economy which will make next week’s ISM report on Monday particularly interesting.
Durable goods reports focus on big ticket items like automobiles, aircraft and manufacturing, representing companies in the Dow Jones Industrials (DIA) and S&P 500 (SPY)
Global markets remain choppy as the Greek Tragedy plays out.
U.S. stock markets rallied into key resistance yesterday and are at an important juncture with tomorrow’s GDP revision just ahead.
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