Peak Manufacturing?


The March industrial production report was good, but missed estimates. It wasn’t great like the ISM PMI. The regional Fed indexes are the highest of this century. Used car & truck inflation will rise further if it follows the Blackrock index. The percentage of S&P 500 stocks above their 200 day moving averages was the highest ever, but that might be justified due to earnings revisions. Earnings revision breadth will probably fall back down soon along with the PMI.

1 2 3 4
View single page >> |

Disclaimer: The content in this article is for general informational and entertainment purposes only and should not be construed as financial advice. You agree that any decision you make will be ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.