ISM Manufacturing Index Hits Bottom [View article]
Economic commentary abounds with suggestions that the paring of inventory hints at rebuilding of stocks but nobody is receiving orders yet.
Without disrespect to the author, I would suggest this is more data to be filed under the second derivative argument which is constructed around the notion that things are still deteriorating, though more slowly.
ISM Manufacturing Index Hits Bottom [View article]
Without disrespect to the author, I would suggest this is more data to be filed under the second derivative argument which is constructed around the notion that things are still deteriorating, though more slowly.