Wall Street & The White House Agenda

@ The White House

On Wednesday, the President has no public events scheduled.

@ Wall Street

Durable Goods Orders (Feb.) A rebound from a disastrous January thanks in part to better aircraft and machinery.

February should see a partial reversal of January?s sharp declines in machinery and aircraft orders as well as a bounce in defense orders after several anemic months. Total durable goods orders should climb 4.2%, with nondefense capital goods orders (excluding aircraft) up about 3.5%.

Machinery should comprise about 80% of the core capital goods gain as orders return to more normal levels. Meanwhile, Boeing had a great month with an order of 200 of the next-generation 737-MAX aircraft from Lion Air of Malaysia.