July Factory Orders Plunge To Weakest Since Feb (As Boeing Bounce Disappears)

Following the Boeing-driven spike, July is landing with a thud back to reality as final data today confirms a 3.3% MoM tumble in factory orders and 6.8% plunge in durable goods orders.

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In fact, it gets worse as aggregate factory orders are now back at their lowest level since February...

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As goes Boeing... so goes America? (or to put it another way, we're gonna need moar war, baby).