US August durable goods orders -0.2% vs -0.4% expected

• Prior was -0.1%
• Durables ex transportation +0.2% vs +0.2% expected
• Prior ex transportation +0.2%
• Capital goods orders non-defense ex-air +1.3% vs +0.2% expected -- highest since April 2021
• Prior capital goods orders non-defense ex-air +0.3%(revised to +0.7%)
• Unfilled orders up for 24 consecutive months

These numbers were surprisingly weak in July in an early sign of creeping economic weakness. This was better than forecast but is the second month in a row of contraction. That said, it's all concerntrated in volatile air and defense orders, excluding those it was a strong report with a positive revision to last month.

The US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term is unmoved on the report and stock futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term remain strong. We're in a good-news-is-bad-news environment but this has been shrugged off.