BAL 
$61.00  0.29%  
CANE 
$12.16  1.18%  
JO 
$54.00  1.22%  
NIB 
$36.29  1.65%  
IEF 
$91.59  0.79%  
^UGA-IV 
$72.37  1.24%  
UNG 
$14.14  5.07%  
USO 
$81.38  0.18%  
FXA 
$63.87  0.15%  
FXB 
$119.75  0.04%  
FXC 
$71.00  0.02%  
FXE 
$98.14  0.09%  
FXF 
$97.47  0.11%  
FXY 
$60.07  0.62%  
UUP 
$28.88  0.14%  
CORN 
$19.81  0.53%  
SOYB 
$24.75  0.66%  
WEAT 
$5.33  0.37%  
JJC 
$19.56  1.24%  
GLD 
$219.03  0.99%  

Durable Goods Orders Bring Some Optimisim

Durable Goods

Durable Goods Orders were up slightly, Costs Decrease.

Durable Goods

 

 

 

 

 

 

 

 

  • January Durable Goods Orders: -4.5% M/M to $27.23B vs. -4.0% expected and +5.1% in December.
  • Core durable goods: +0.7% vs. +0.1% expected and -0.4% prior.
  • Goods, excluding defense: -5.1% vs. +5.6% prior.
  • Transportation equipment, down two of the last three months, falling 13.3% to $92.8B, according to the Census Bureau.
  • Non-defense orders, excluding aircraft: +0.8% vs. -0.3% prior.
  • Last week, consumer spending jumped more than expected in January and PCE inflation accelerated.

 

After a downward corrected 5.1% increase in December, US durable goods orders, which track the price of orders placed with manufacturers of goods designed to last at least three years, fell 4.5% month over month in January 2023. The figures contrast with market expectations for a 4% fall, which were influenced by a 13.3% decline in orders for transportation equipment, namely purchases for nondefense aircraft and parts (-54.6%). Transport excluded, orders for durable goods increased by 0.7%. Furthermore, orders also dropped for capital goods (-12.8%), notably nondefense ones (-15.3%). Contrarily, orders for machinery (1.6%) and computers and electronics (0.5%) rose. A carefully watched indicator for company spending plans, orders for non-defense capital goods excluding aircraft grew by 0.8%, reversing a 0.3% decline in December.

 

 

The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.

 

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