The catalyst
USA Durables Excluding Defense (MoM) For September 2.3% Vs 2.2% Est.
The thesis
September U.S. durable goods excluding defense rose 2.3% month over month, beating the 2.2% estimate. Source: Benzinga.
Industrial orders beat estimates, giving broad-market bulls another macro print to trade.
Cleared the 75 line by 3.
USA Durables Excluding Defense (MoM) For September 2.3% Vs 2.2% Est.
September U.S. durable goods excluding defense rose 2.3% month over month, beating the 2.2% estimate. Source: Benzinga.