Below is a brief excerpt and "Chart of the Day" highlighted in today's Early Look by Hedgeye Director of Research Daryl Jones.
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The U.S. Composite PMI came in at two-year high of 54.5. Services, as it continues to be globally, was the big driver of growth accelerating to 54.5 versus Manufacturing at 51.7 (still an acceleration and expansionary). So, in effect, the economic acceleration in June in the U.S. was broad based. |
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