Durables Goods ‘Hard’ Data Crushes Post-Trump ‘Soft’ Survey Dreams

With Manufacturing and Services PMIs and ISMs, stock markets, and sentiment data soaring post-Trump, one would imagine that ‘everything is awesome’ in American business… but the ‘soft’ survey data appears to be wrong as ‘hard’ data on durable goods new orders is tumbling.

This post was published at Zero Hedge on Jan 27, 2017.