Durable Goods Stumbles

February Durable Goods slumped to a 2.2% loss, raising the prospect that stagflation has officially arrived.

The overnight ramp is holding for now, but ES continues to teeter on its SMA200.

For those closely studying the fallout from the Russian invasion of Ukraine, Northfield put out an excellent paper yesterday: What Investors with (and without) Russian Exposure Need to Know. It can be found on their WEBSITE.

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