Tuesday , August 11 2020
Home / The Angry Bear / June durable goods orders continue rebound

June durable goods orders continue rebound

Summary:
June durable goods orders continue rebound Last week I wrote a synopsis of the short leading indicators and what they suggested about the ultimate Presidential election result in November. Basically, they have improved over the last several months and suggested the polls would tighten compared with the present. Among the missing June indicators were durable goods. They were reported this morning, and continued their sharp rebound from May, making up in total about half of their pandemic decline: This adds to the evidence that the economy is likely to be better in November than it was in Q2, so adds incrementally to the idea that the race will tighten somewhat compared with recent polls.

Topics:
NewDealdemocrat considers the following as important:

This could be interesting, too:

NewDealdemocrat writes Initial and continuing jobless claims: back to being “less awful”

NewDealdemocrat writes July jobs report: a very good *relative* gain – perhaps the last

Ken Melvin writes Necessity of America

Barkley Rosser writes How To Measure Quarterly Changes In GDP Can Make A Big Difference

June durable goods orders continue rebound

Last week I wrote a synopsis of the short leading indicators and what they suggested about the ultimate Presidential election result in November. Basically, they have improved over the last several months and suggested the polls would tighten compared with the present.

Among the missing June indicators were durable goods. They were reported this morning, and continued their sharp rebound from May, making up in total about half of their pandemic decline:

June durable goods orders continue rebound

This adds to the evidence that the economy is likely to be better in November than it was in Q2, so adds incrementally to the idea that the race will tighten somewhat compared with recent polls.

Leave a Reply

Your email address will not be published. Required fields are marked *