FAST FIVE: US Factory Orders Tumble Most In 15 Months

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US Factory orders tumbled in October – dropping 2.1% MoM (worse than expected), the biggest drop since July 2017.

Furthermore the final durable goods orders data dropped 4.3% MoM (much worse than the 2.4% drop expected).

“There are hundreds of data points coming out every month but that's the one that I watch,” and bond traders should too.

That The Fed was so exuberant about just a month ago.

Categories: ZH