by By New Deal democrat Weekly Indicators for November 11 – 15 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Although a few indicators backed off some this week, the overall tone, ex-manufacturing, across all timeframes is positive. You may be reading a few takes today about the poor nowcasts out of the NY and Atlanta Feds, after yesterday’s face-plant of an industrial production reading. Keep in mind that they are mechanically applying that result and not accounting for the GM strike (which is what I would do if I were in their shoes as well). So take those with a healthy dose of salt for now. As usual, clicking over and reading rewards me with a couple of pennies for my efforts.
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by New Deal democrat
Weekly Indicators for November 11 – 15 at Seeking Alpha
My Weekly Indicators post is up at Seeking Alpha.
Although a few indicators backed off some this week, the overall tone, ex-manufacturing, across all timeframes is positive.
You may be reading a few takes today about the poor nowcasts out of the NY and Atlanta Feds, after yesterday’s face-plant of an industrial production reading. Keep in mind that they are mechanically applying that result and not accounting for the GM strike (which is what I would do if I were in their shoes as well). So take those with a healthy dose of salt for now.
As usual, clicking over and reading rewards me with a couple of pennies for my efforts.