Weak durable goods orders growth signals slowing economic momentum and corporate investment weakness
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"ADP said private employers added just 44,000 jobs in July, the weakest in six months and well below the 70,000 consensus, while the ISM Services PMI came in at 54.1 versus 54.5 expected, with its employment sub-index sliding back into contraction at 47.4."
"U.S. private businesses added 44,000 jobs in July, compared to a revised 95,000 gain in the previous month and down from market estimates of 70,000."
"U.S. durable goods orders rose 0.3% month-over-month to $334.77 billion in June, compared to a revised 4% gain in May, but down from market estimates of a 1.6% surge."