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Some Macro Indicator Updates

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.