PMI Continues To Counter Reality

Todd Sullivan 7.53K Follower s Follow 5 Share Save Play ( 1min ) Comments Summary The disparity of the manufacturing PMI vs. IndPro remains. Net/net, economic activity continues higher while market psychology remains overly dismal. Investors are turning somewhat away from the high-tech AI and etc. few that have been the S&P 500 price drivers the last 10yrs. Current government actions/policies strongly favor industrials as the US rebuilds its manufacturing base. Konoplytska/iStock via Getty Images Even with the current revamping of our long-used economic indicators, the disparity of the manufacturing PMI vs. IndPro remains. Net/net, economic activity continues higher while market psychology remains overly dismal. There has been some talk This article was written by Todd Sullivan 7.53K Follower s Follow Todd Sullivan is a Massachusetts-based value investor and Co-Founder and General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer supports his original thesis. His blog features his various ideas and general commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain's NY and others. He has also appeared on Fox Business News and is a RealMoney.com contributor. He has twice presented at Bill Ackman's Harbor investment Conference and is a regular presenter at the Manual of Ideas "Best Ideas" conferences. Visit his sites: ValuePlays (https://valueplays.net/) , Rand Strategic Partners (https://randstrategicpartners.com)

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