The Big Lag: U.S. Industrial production - FINANCIAL-24 - FINANCIAL-24, we has prepared this article well for you to read and retrieve information in it. Okay, happy reading.

The Big Lag: U.S. Industrial production - FINANCIAL-24

U.S. industrial production was flat in May, worse than the expectation of a 0.1 percent advance. Relative to the previous year, industrial production grew 2.2 percent. The report also indicated that the sector continues to exhibit significant excess capacity. Moreover, as the WTI price of oil has reverted to below $45 per barrel, the sector is exposed to a major headwind if it breaks down below $43 per barrel.

Despite the noted expansion in industrial production, the theme of market overvaluation remains the same:   Relative to historic data the S&P 500 valuation would tend to be matched by a higher level of industrial production, much higher: 25 to 35 percent higher than the current levels.  

This is the article The Big Lag: U.S. Industrial production - FINANCIAL-24 this time, hopefully can benefit for you all. well, see you in other article post.

Title : The Big Lag: U.S. Industrial production - FINANCIAL-24
link : The Big Lag: U.S. Industrial production - FINANCIAL-24