BMO: “.. Industrials have been unable to keep pace with the broader index during May .. something we expect to be short-lived given .. Industrials have had the highest correlation out of all S&P 500 sectors to year-over-year price changes vs. the index since 1990, a main reason… pic.twitter.com/RJ61QpuSUj
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Liz Ann Sonders
LizAnnSonders
May @RichmondFed Manufacturing Index at 0 vs. -6 est. & -7 prior … new orders improved slightly but remained in contraction; shipments jumped into expansion; prices paid moved higher while prices received moved lower … employment fell further into contraction pic.twitter.com/7QrzXKW6zO