As the market continues on its rebound after hitting bottom last March, a number of economic indicators have been pointing to a deeper economic crisis. US GDP dropped 32.9% in the second quarter. Yet, many stocks are hitting all-time highs, and the S&P 500 is back to its pre-crisis level.
The Thomas Manufacturing Index (TMX paints a clear picture of how the industrial economy as a whole started on a modest recovery path in May, only to take a sharp downturn in July. A deeper look at TMX data reveals different behaviors from one sector to another. Click the link to view the full report here.