Great news - US factory orders grew 7.3% YoY, the highest since July 2014, surely showing the Trumpian hope translating into economic reality? However, adjusted for non-defense and aircraft orders, year-over-year growth was just 0.3% - not exactly what the record high levels of sentiment would have hoped for.
Unless Washington can keep the global wormongery up, this spike will be short-lived just as in 2014. Time for some more Putin bashing, or is North Korea now the focus.
