Following the Boeing-driven spike, July is landing with a thud back to reality as final data today confirms a 3.3% MoM tumble in factory orders and 6.8% plunge in durable goods orders.
In fact, it gets worse as aggregate factory orders are now back at their lowest level since February…
As goes Boeing… so goes America? (or to put it another way, we’re gonna need moar war, baby).
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