Durables

Year-on-year, overall new orders for durable goods slipped to down 26.8 percent in June from down 23.9 percent the previous month. Excluding transportation, new durables orders edged down to minus 24.1 percent from down 23.0 percent in May.

Ugly. Don't listen to the bull chatter on inventories. Inventories to sales is still high. Look at this quarters earnings reports... revenues are cratering.