Having promised silver-linings after each and every disappointing data item of the last two months, it appears even the sell-side's most ardent optimist has thrown in the towel (along with Goldman) as Deutsche's Jo Lavorgna stokes the "no rate hike please" meme after today's dismal durable goods data... https://twitter.com/hashtag/Durablegoods?src=hash!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); orders excluding transportation were down -0.2%, the 6th drop in a row which hasn’t happened since recession. — Joseph A. LaVorgna (@Lavorgnanomics) https://twitter.com/Lavorgnanomics/status/591583839522263040!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); What made up his mind? As it seems the sell-side is waking up to the possibility that it's not just the weather... As a reminder... it was the weather... Now it seems real!!??