Stat of the Day: We’re hearing footsteps…

The results of December’s Institute for Supply Management’s 
manufacturing purchasing managers survey were released this morning. 


Given the macro backdrop we’ve been discussing herein, the above-consensus headline number — and 14-year high for new orders — should be no big surprise.


While this is of course very good news, one thing we’re looking for in such releases is any whiff of inflation: Note the last line in paragraph 2:


I get how a couple of the Fed board members would like to see the whites of inflation’s eyes before moving rates higher; I personally think they should be paying close attention to the sound of those footsteps we’ve been hearing just outside the door. 


Hence our bearishness on the more interest rate sensitive sectors/asset classes.

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat