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SMLL - Factory Orders And PMI Data Suggest These Industries Are Bullish
Direxion Daily Small Cap Bull 2X Shares
Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power. - Henry Hazlitt
Manufactured goods data came in flat at $497.4 billion month over month for February 2020. We are all aware that the downturn wasn't priced into this data because the disruption hit home in March 2020. The PMI for March 2020 has come in at 49.1%, down 1% from February's 50.1% ? and what's rankled is the 7.6% drop in new orders.