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04/28/21 08:48 PM EDT
Real-Time Macro: ∞ Slope (A Note on Durable Goods)
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Good morning. I trust everyone has properly warmed up and stretched their necks in preparation for a rousing Monday edition of everyone’s new favorite, anti-gravity analytical pastime of “rescale your positive Y-axis and ponder the existential metaphysics of vertical/infinite slope” Today’s indulgence comes courtesy of Durable and Capital Goods Orders, proud sponsor of cycle low inventory-to-sales ratio’s, beneficiary of anomalous deadly respiratory virus catalyzed shifts in domestic consumption patterns and future recipient of ongoing demand-supply imbalance in the goods economy.
Sometimes fabricated analysis just dilutes what’s clearly evident visually. I knew this was coming. You knew this was coming. Next months comp is even easier. The Quad 2 COVID Comp RoC-ket ship remains ascendant. |
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