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The debate over the U.S. economy rages on. I believe the economy has peaked or is about to peak. The economy's true strength has likely been masked by the trade war with China. Earnings of cyclical names like railroads and oil-related companies likely reflect the vagaries of the economy. Oil States International's (OIS) reported Q3 revenue of $263.69 million, flat sequentially.
Oil services firms with outsized exposure to North America land drilling had been sitting in the catbird seat for years. In the second half of 2018, North America began