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Tuesday, February 03, 2015 11:42:50 AM
Factory Orders Plunge 5th Month In A Row As ISM New York Crashes Most Since 2007
Tyler Durden's picture
Submitted by Tyler Durden on 02/03/2015 10:05 -0500
On the heels of the biggest crash in ISM New York since May 2007 (swinging from 9 year highs at 70.8 to 6 year lows at 44.5 in one month), Factory Orders plunged 3.4% in December (against an expectation of a 2.4% drop) - the biggest drop since Mar 2013 (ex last year's Boeing swing). Factory Orders 3.6% YoY drop is the largest since Nov09. Which explains why stocks are soaring... (despite Fed's Bullard saying "there is a lot of momentum in the US economy.")
ISM New York Crashed...
and factory orders plunged...
The biggest YoY drop in Factory Orders since Nov 2009.
Charts: Bloomberg
http://www.zerohedge.com/news/2015-02-03/factory-orders-plunge-5th-month-row-ism-new-york-crashes-most-2007
Tyler Durden's picture
Submitted by Tyler Durden on 02/03/2015 10:05 -0500
On the heels of the biggest crash in ISM New York since May 2007 (swinging from 9 year highs at 70.8 to 6 year lows at 44.5 in one month), Factory Orders plunged 3.4% in December (against an expectation of a 2.4% drop) - the biggest drop since Mar 2013 (ex last year's Boeing swing). Factory Orders 3.6% YoY drop is the largest since Nov09. Which explains why stocks are soaring... (despite Fed's Bullard saying "there is a lot of momentum in the US economy.")
ISM New York Crashed...
and factory orders plunged...
The biggest YoY drop in Factory Orders since Nov 2009.
Charts: Bloomberg
http://www.zerohedge.com/news/2015-02-03/factory-orders-plunge-5th-month-row-ism-new-york-crashes-most-2007
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