June factory orders lowest since January 2024

Factory Orders & Revisions - June factory orders declined by 48%, the weakest since January 2024 [1] - Previous month's factory orders revised upwards from 82% to 83%, marking the second-largest increase in history dating back to 1956 [2] - Excluding transportation, factory orders increased by 04%, exceeding expectations following an upward revision from 210 to 310 last month [2] Durable Goods - Durable goods orders revised downwards from -93% to -94%, representing a historically significant decrease since 1992 [3] - Excluding transportation, durable goods orders increased by 210 [3] - Aircraft orders significantly influenced the fluctuations in durable goods orders over the past two months [4] Shipments & Capital Spending - Orders decreased by 08%, the largest decline since April of this year when it was -15% [4] - This decline in orders is a negative indicator for capital spending [5] - Shipments increased by 03%, largely as expected [5] Interest Rates & Market Equilibrium - Interest rates remain stable, with the 2-year rate at 369 and the 10-year rate at 421 [5] - The market appears to be in equilibrium, awaiting further developments in the labor market and decisions from the Federal Reserve [6]