Chart Of The Day

Today’s Uninspiring Chart of the Day

I feel bad because I saw this on Twitter in the last hour and now can’t find where I got it from (if you know the source please let me know).  But it’s a chart of the Richmond Fed’s orders vs inventories overlapped with the ISM.  As you can see, it’s a correlation that is both very tight and not terribly confidence inspiring.  (Gulp):

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