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Bob Elliott: U.S. manufacturing data show continued weakness
Bob Elliott, co-founder / CIO at Unlimited, points to ongoing signs of softness in U.S. manufacturing data.
He contrasts these figures with more optimistic narratives about a potential economic boom, emphasizing a discrepancy between current industrial data and prevalent market sentiment.
Elliott previously noted tentative signs of improvement in U.S. labor data following a year of stagnation, but cautioned against early optimism in his recent analysis. He also highlighted that markets expect a swift resolution to the Iran conflict, with stocks rallying and oil prices remaining elevated, according to his earlier commentary. His latest remarks continue to track differing signals across economic indicators.
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