​Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom – Tyler Durden

Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom After June’s Boeing-driven collapse, US Durable Goods Orders were expected to rebound strongly in July (preliminary data released today) and they did – jumping 9.9% MoM (vs +5.0% exp) from June’s 6.9% MoM plunge. That is the biggest MoM jump in orders since July 2020’s post-COVID lockdown bounce… Source: Bloomberg However, ex-Transports, orders dropped 0.2% MoM (worse than the 0.1% decline expected) and leaving core orders up just 0.6% YoY… Source: Bloomberg Once again it seems like it’s all Boeing (one way or the other)… Source: Bloomberg…  — Continue at ZeroHedge News : Read More