11/16/17 02:36 PM EST

(More) Good News on the Economic Front

Keith McCullough

Takeaway: Don't hold your breath on mainstream political media reporting this #GrowthAccelerating news.

Another day, another multi-year high in domestic data #accelerating.

Take a look below. US Industrial Production (IP) accelerates to a 3-year high at +2.9% year-over-year (y/y) growth with industrial activity normalizing in October after the hurricanes suppressed activity in August and September.

Following this (as well as yesterday’s US Retail Sales report of +4.6% y/y growth in OCT) our predictive tracking algorithm for US Real GDP growth here in 4Q17E ticks up to +2.49% YoY/+2.66% QoQ SAAR.

To data dependence,

(More) Good News on the Economic Front

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