Should we be worried? Consumer Sentiment at major resistance, auto industry stalls out, global growth estimates continue to come down…

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Durable Goods Orders Fall by Most Since January as US Economy Contracts

“After managing a modest bounce in June, expectations were for a drop in Durable Goods Orders in July and just as we have seen soft survey and hard ‘real’ data disappoint, so did preliminary data showing a worse than expected 1.7% drop MoM.”

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