Just updating a bunch of macro indicators from the last few days.
This morning’s report on industrial production showed a new all-time high. The manufacturing sector appears to be holding steady as Q2 unfolds with year over year growth at 3.2%.
Intermodal rail traffic came in strong again last week at 6.8%. This brought the 12 week moving average to 9%, just shy of recent highs and likely a short-term top.
Last week’s report on jobless claims showed a slight rise to 317K. The 4 week average in continuing claims fell 13,000 to 2.62 million, a recovery low.