Below is a chart and brief excerpt from today's Early Look written by Macro Analyst Christian Drake. Click here to learn more.
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As can be seen in the Chart of the Day below, current levels of activity (or even marginal deterioration) would equate to strong RoC data as we move through a progressively favorable year-end given comp setup. That mid-high single digit growth will be occurring against a backdrop of broadly negative earnings growth in 3Q and with most industrial-mfg indicators mired in outright contraction. |
