A Not-Pretty Picture

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer
Japanese data (supporting the points we made in our latest weekly message), paints a not-pretty picture of present global business conditions:  emphasis mine…

“June’s preliminary machine tool orders data was a huge disappointment, with total orders
plunging 11%, led by a 16% decline in domestic orders. Domestic order levels are the lowest since
2013, almost 50% below the April 2018 peak. The 50% annualized decline in total orders on a 3m/3m
annualized basis through June was the weakest reading since January 2013. These data are reasonably
well-correlated to the global business cycle, so the absolute refusal to bottom in this series is a bad sign
for the prospects of a bottoming out in data related to activity around the world; that’s especially true
combined with PMI data.” 

Bespoke Investment Group

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.
Facebook Instagram
  • Private Wealth Advisors
  • © 2024 Private Wealth Advisors. All rights reserved.
  • PRIVACY POLICY

This website is a publication of Private Wealth Advisors. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional advisor should be consulted before implementing any of the options presented. Information on this website is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto. Private Wealth Advisors is registered as an investment adviser with the SEC, and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.