Today's Economic News: Expectations And Reality

Today’s Economic News: Expectations and Reality by Brad McMillan, Commonwealth Financial Network

I spent this morning reviewing today’s economic news in preparation for a TV appearance. I didn’t have much of a chance to focus on it in the interview, but fortunately we can discuss it here. The news wasn’t just good, but good in an interesting way.

Specifically, the key news this morning included a report on durable goods, which is basically business equipment, as well as data on consumer confidence and the sales and prices of new homes. These are all good indicators to watch, and the expectation was that they would disappoint once again. The narrative of a slow first quarter has...