SHLD - Surprise: It Isn't Consumers Keeping American Factories Busy

• US factories are humming along, constrained only by supply issues which might occasionally limit production.
• According to the Census Bureau, it is not consumer goods which are making such massive waves in production. On the contrary, factory orders for strictly consumer products are, actually, visibly unimpressive.
• By far, the most robust and untouchable factory category is for transportation equipment and goods. Compared to demand excluding those, new orders for that particular segment are and continue to be unstoppable.

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