While the headline number on durable goods was not very positive this morning, it was distorted by a decrease in government spending on aircraft. Excluding that the numbers were up primarily on strength in the automotive sector. While economic data has not been as positive as the data earlier in the year the economy is still making headway. The U.S. really needs housing to stabilize which could stoke employment and consumer spending. Europe and China aren’t likely to be helpers and that is significant which is why I wouldn’t suggest investing in companies that require huge numbers out of those regions to meet their growth targets.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.