• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Join Hedgeye CEO Keith McCullough and our special guests live from October 14-16.

No change in new orders; No change in the absolute level of 50 versus the May report. Prices paid inflated another +5.2% month over month however. Slowing growth as inflation accelerates = Stagflation.

You don't need a PhD in Economics from Yale to figure this out.
KM