Durable?

Durable goods orders turned the futures negative. The consensus is that the big players will take this market higher through week end. I still think that if we hit a new Dow high that the market will then selloff and get knocked back down. The bad durable goods orders shows more weakness than many were expecting. It does appear that the fed will be cutting rates sooner than later, though probably not until next year. The question is how much is this going to effect company's quarterly reports going forward. If we start getting a lot of earnings warnings, watch out.