Manufacturing production slowed even further, rising just 0.2% MoM; well below the expected 0.4% gain and the 1.6% jump in July…
US Industrial Production is back to pre-COVID levels here, while stocks are well above those levels…
Additionally, Capacity Utilization is back at pre-COVID levels…
All those stimmies… and we are back to breakeven on the US manufacturing sector… and The Fed is about to start tapering?
Wed, 09/15/2021 – 09:21
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Author: Tyler Durden