From the July investment comments of Provident Investment Management After 10 years of mostly steady expansion, the industrial economy currently looks tired. Transportation, energy, and basic materials stocks have been among the market’s worst performers in the past one and three months. The statistics confirm investors’ concerns. April’s industrial production estimate showed annualized growth of less than 1%, about half its previous pace. In May, …
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source https://thebtrader.com/2019/07/11/industrials-aside-economy-continues-to-chug-along/?utm_source=rss&utm_medium=rss&utm_campaign=industrials-aside-economy-continues-to-chug-along
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