Multi-Industry Equipment Sales Decline

Beginning with our oft-watched Machine Tools sales graph, we find that May did not include any sort of post-harsh winter bounce in sales. Nor did the multi-industry reading do well. …

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Broad Market Update

The summer correction came and it lasted exactly one day!

Well, that is hyperbole because what really happened was that a market that was sagging and losing momentum was shoved downward in one great, noise-filled plunge as some indexes reached initial support targets that we were noting.

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