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Even with the current revamping of our long-used economic indicators, the disparity of the manufacturing PMI vs IndPro remains. Net/net, economic activity continues higher while market psychology remains overly dismal.

There has been some talk recently that industrials will carry the SP500 to $8,000 as investors turn somewhat away from the high-tech AI and etc few that have been the SP500 price drivers the last 10yrs. Current govt actions/policies strongly favor industrials as the US rebuilds its manufacturing base.

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Consumer Health Improving
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