30 Nov 2020

Stocks Rapidly Pricing In Growth/Profit Tailwind From Inventory Cycle, Among Others

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After the sharp contraction in economic activity in the early months this year, inventories are running low. Growth gets a tailwind as they get rebuilt. There is tight correlation between economic growth and corporate profits. Stocks are anticipating this. Home … Continued

2 Sep 2020

Spread Between ISM Manufacturing Orders And Inventories Beginning To Signal End Of Recession – Nasdaq 100 Probably Pricing That In

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US manufacturing is coming back with a vengeance. Orders are soaring and inventories remain low, raising the odds that the recovery in manufacturing has life left in it. That said, August’s 56 is up substantially from April’s 41.5. Historically, the … Continued