(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
This is what you need to know today.
In the U. S., Industrial Production fell by -0.6% vs. 0.0% consensus. This is a big miss. Capacity Utilization fell to 74.8% vs. 75.5% consensus.
These numbers indicate that manufacturing in the U. S. is not doing well. From an investing perspective, it is important to remember that manufacturing is only a small part of the U.
This post was just published on ZYX Buy Change Alert and ZYX Global Multi Asset Allocation Alert.
Our 30+ years of experience in markets has shown that most investors have to be prepared before hand for a certain scenario to act with conviction and large quantities if the scenario actually materializes.
Here is the potential scenario: