US Industrial Production Hits New Record High In April
US Industrial production was expected to rise for the 4th straight month in April and it did, jumping significantly more than expected (+1.1% MoM vs +0.5% MoM). That is the biggest monthly jump since October…
US Industrial production overall has reached a new record high…
And Capacity Utilization reached its highest since Dec 2018…
Manufacturing also surprised to the upside with a 0.8% MoM rise…
Finally, are the Dow INDUSTRIALS catching down to actual INDUSTRIAL PRODUCTION?
Sadly for the bulls, good (economic) news remains bad news for stocks as it offers The Fed no ‘outs’.
Tue, 05/17/2022 – 09:20