Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
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Did you know that INVENTORIES in yesterday’s US ISM report were the highest in 38 years? That happened in 1984 too. While Macro Tourists, CNBC pundits, etc. were panic-buying at yesterday’s intraday-lower-cycle-highs, my teammates and I were reading the numbers in what was easily one of the worst ROC US ISM Manufacturing reports in the last 50 years. |
