It’s too early to say that this month marks the start of a stronger run of economic activity for the US generally, although the data du jour strengthens the view that growth will at least stabilize and perhaps tick up in the months to come.
ETF Trends:
Quick spin on this great article. The sector most correlated to manufacturing in the ETF universe is industrials and the trends seem to support positive growth. Industrial Select Sector SPDR (NYSEarca: XLI) has rebounded nicely from its August doldrums and is back above its long-term trend lines. Keep an eye on it this week to see if the positive news from Friday will continue to push it higher.
