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

That explains everything

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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