Durable orders decreased for the second month in a row. The October drop of 0.5% or $1.2 billion was driven by a decrease in the ordering of transportation equipment. Transportation equipment ordering has been down three of the last four months. Excluding transportation, orders were up 0.5%. An increase of 0.2% in durable orders was...
Retail sales in October were the highest they have ever been. The increase of 1.7% outpaced the expected increase of 1.2%. The largest increase of 4% came from non-store retailers. Electronics and appliance stores also saw sharp increases in purchases with a rise of 3.8%. As we approach the holiday season, high demand is not...
Equity markets maintained their post Federal Open Market Committee (FOMC) meeting gains whereas bond yields reversed course and headed lower. Index level dispersion was minimal with large caps, small caps, and NASDAQ all posting gains between 0.5% to 1.0%. Facebook recently changed its name to Meta Platforms as they try to highlight their relevance in...
