And I don’t mean in stocks, although a possible ramp job (ref. Semi and Bio momentum) has been part of the plan there as well.
NFTRH first introduced the Machine Tools data per the graph below from EDA a couple months ago after I talked with a former associate who advised that equipment sales were soft. But our observation was that almost every year there is a big ramp in machine tool sales due to year-end tax management considerations by buyers.
Well, one year-end ramp job… comin’ up. This data is at the end of October.
Now folks, combine this with the strong US dollar. Think about who imports and who exports. The bump in machine tools can go with some market euphoria but it it not likely to last – in the US at least.