There was a 3C negative divergence any way, I figured we'd see a gap up and a move down as intraday volatility seem to be the game for the HFT, but the Durable Goods report just gave them a day's worth of movement in 15 minutes.
| Released On 2/28/2012 8:30:00 AM For Jan, 2012 |
| Prior | Consensus | Consensus Range | Actual |
| New Orders - M/M change | 3.0 % | -0.7 % | -2.1 % to 0.5 % | -4.0 % |
| New Orders - Yr/Yr Change | | 0.3 % | -1.5 % to 1.4 % | |
| Ex-transportation - M/M | 2.1 % | | | -3.2 % |
|
This is a pretty bad miss, prior was 3.0% with consensus of a negative at .7%, the actual was -4.0% which is -1.9 worse then the worst consensus downside range. It's even worse considering the prior 3.0 was revised to 3.2, so we just saw a -7.2% drop in durable goods. This is not only the lowest number since early 2009, it's the biggest m/m drop since the same.
No comments:
Post a Comment