While sentiment is sagging to multi-year lows, 'hard' data is pushing growth forecasts higher (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with US Factory Orders (admittedly for November) surging 2.7% MoM (significantly better than the +1.6% MoM expected), bouncing strongly from the 1.3% MoM decline in October. This dragged orders up 5.4% year-over-year... Core Orders (ex transportation) rose 0.2% MoM, also rebounding from a 0.1% MoM decline in October... Source: BloombergThe final print for Durable Goods Orders were all in line with the flash prints.