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....
Read the full article on Seeking Alpha
For further details see:
PMI Continues To Be Made Irrelevant By Reality
SPDR S&P Transportation
NASDAQ: XTN
XTN Trading
-1.94% G/L:
$87.595 Last:
27,080 Volume:
$88.74 Open:
