PMI Continues To Be Made Irrelevant By Reality
Source: SeekingAlpha
2026-01-27 05:20:00 ET
Industrial capacity continues to rise, as does industrial production, both revised higher. The standout is the PMI remaining below 50, now ~40 months mostly below 50, reflecting an intractable period of market pessimism. Even with the rises we have seen in selected industrial issues, I see a remarkable period still ahead of heady price movement once market pessimism converts to recognition of economic expansion....
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PMI Continues To Be Made Irrelevant By Reality
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