MBS Day Ahead: One of the Biggest Potential Durable Goods Reports Ever (And it Won’t Matter)

A cute little phenomenon got a fair amount of buzz on an otherwise slow news day yesterday. It has to do with today’s Durable Goods data and the fact that it could be insanely strong. In fact, some economists are calling for a month-over-month improvement of over 30%, which would easily be an all-time record. Even the median forecast would be the highest in over 2 years.

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