Tag Archives: Economic Indicators

Bad Time for Bad News

If you have been following the financial news lately you have likely noticed an uptick of dismal reports. Just this week we have seen stories on the Fed’s debate on how to simulate a sluggish economy, a slowdown in capital spending and the lowest level of existing homes sales in 15 years. The market has definitely noticed with the S&P 500 falling four out of the last five days and losing 3.5% over the period.

Today’s data are definitely no exception. First, new orders for durable goods were up .3% over the prior month. The consensus estimate was for a 2.5% rise. Also, as can be seen in the chart below the yearly trend is rolling over from its rebound in 2009.

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