Tuesday, November 28, 2006

Today's Eco Data - Round #1

Durable goods spurring treasuries higher with a surprise drop...

Total Orders fell -8.3% (yikes), were down 1.7% ex transports and down 6.4% ex defense. So take the war machine out and you've got numbers that are a bit bearish for stocks though reaction to the data has only been modest thus far. The bulls can only hope there's an upward surprise in existing home sales numbers at 10.

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