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home / news releases / AIRR - The U.S. Economy Is Well Into The Boom Phase

AIRR - The U.S. Economy Is Well Into The Boom Phase

First Trust RBA American Industrial Renaissance ET
  • We think that last year's US recession ended in June plus/minus one month, making it the shortest recession in US history. The latest data indicate that the recovery is well and truly intact.
  • The ISM NOI leads Industrial Production (IP), so it isn't surprising that the year-over-year percentage change in IP has experienced a rapid rebound from its Q2-2020 trough.
  • The performances of leading and coincident economic indicators show that we are well into the boom phase of the boom-bust cycle, meaning that the economic landscape remains bullish for industrial commodities and bearish for gold.

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The U.S. Economy Is Well Into The Boom Phase
Stock Information
Company Name: First Trust RBA American Industrial Renaissance ET
Stock Symbol: AIRR
Market: NASDAQ
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