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at 12:20 pm on May 10, 2021 | 3 comments
For months now we have observed as market narratives have splintered into distinctly bullish and bearish camps but stocks have gone up anyway. Three narratives have dominated:
Good news is bad news because rising inflation will trigger Fed tightening.
Good news is good news because the economic recovery is strong enough to boost profits anyway.
Bad news is good news because an easy Fed will support the stock market.
The first narrative has been pushed largely by BofA and today it continues that theme:
Secular 1-2 year view: higher inflation = higher yields =real>financial assets, commodities>bonds, RoW stocks>US, small>large cap, value>growth.
by Tyler Durden
By Michael Wilson, Morgan Stanley chief equity strategist
The Mid-Cycle Transition
Over the past month, we ve taken a different path than most equity strategists.
Rather than getting excited about the reopening, we are getting more concerned about (1) execution risk and (2) what s already priced in.
First, on the execution front, there’s growing evidence that supply remains a problem for many companies, just as demand is picking up. These issues have been particularly acute in certain materials and components,
and now it’s becoming more apparent that we have labor shortages as well. In addition to numerous surveys and company commentary, Friday’s very disappointing employment report suggests
Gold Prices Up Jolted By US Dollar Slip albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
April factory activity improves and output prices soar amid Covid blues
May 03, 2021
Manufacturing PMI in April edges up to 55.5 from 55.4
Manufacturing sector showed improved activity in April 2021 as both new orders and output at Indian manufacturers expanded at marked rates, although the slowest in eight months. The Manufacturing Purchasing Managers Index (PMI) came in at 55.5 in April 2021, slightly above the March reading of 55.4, a private survey by IHS Markit showed.
India’s manufacturing PMI has remained above 50 level which separates growth from contraction for ninth straight month.
For the latest month under review, consumer goods was the strongest performing category, followed by capital goods and then intermediate goods, the survey showed. Both new orders and output at Indian manufacturers expanded and growth was attributed to a pick-up in demand and marketing efforts, though hampered by the COVID-19 pandemic.
İSO Türkiye İmalat PMI, nisanda 50,4 e geriledi haberler.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haberler.com Daily Mail and Mail on Sunday newspapers.