Another little macro gut check
The August Durable Goods Orders ex Transportation report is scheduled for September 25th at 12:30 UTC, and it’s one of those numbers that sounds boring until you realize it’s basically a pulse check on business equipment spending. If companies are ordering more stuff, that’s usually a decent sign they’re feeling okay about demand.
Why investors care
The market tends to treat this like a tiny mood ring for the economy. A print above the 0.6% estimate could help the “soft landing, keep the party going” crowd. A weaker number would probably hand the recession-watch crowd another talking point, because fewer orders can hint that firms are tightening their belts.
The setup
- Previous: 0.4%
- Estimate: 0.6%
- What matters: whether capex appetite is still alive and kicking
Big picture: this isn’t a headline that makes anyone rush to buy or sell a single stock, but it can still move rates, equities, and your general level of anxiety before lunch.