Global Markets The Global PMI (purchasing managers index), a proxy for economic growth has rebounded to multi-year highs. This can be seen in expansion of both manufacturing and services. Markit The Emerging Market and Developed Market PMI expanding together. Is it possible we have entered a coordinated growth cycle after years of uncoordinated growth? CEO’s […]
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Economic Discussion
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Sales of Automobiles and Light Trucks
Richmond Fed Light truck sales are a forward looking indicator with respect to strength in the US economy. It is not a good sign to see them rolling over. For now it is not a concern, but should the trend line break…
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Total Light Truck Sales
Ed Yardeni Gasoline demand in the US should stay strong as light truck sales are trending higher.
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