A Bunch Of Eco – Markets Cheer the “Not As Bad As Expected”
August 17, 2012 12:50 pm
The leading indicators came in a bit higher than expected today. Most of that was the uptick in consumer sentiment that is weighted by 20% for the index.
We saw inventories this week and there has been a noticeable tick higher in the inventory/sales ratio. This is something to watch as it will cause a slowdown in manufacturing if it persists. In fact, the recent Philly Fed report does show that there is continuing weakness in manufacturing.