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| Wells Fargo's Gina Martin Adams on the ISM |
An Institute for Supply Management (ISM) Report reading below 50 does not mean the U.S. is in a recession, but the trend is not great. Industrial stocks in the U.S. markets are weakening. A continuation of the trend could signal a recession. I find this interesting given the current trend for companies like Caterpillar which seem to be in the process of repatriating more jobs back into the U.S.. If that doesn't lead to growth in their manufacturing, then it makes me wonder what will? Still, one reading below 50 does not a crisis make!
Like to volunteer your outlook?
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