"Manufacturing firms responding to the Business Outlook Survey continued to report weak business conditions in July. The survey’s diffusion index of current activity increased to −12.9 from a reading of −16.6 in June, marking the third consecutive negative reading for the index. The survey’s indicators of activity over the next six months remained positive but moderated somewhat from June."
The bottom line - in my view - is that the manufacturing sector is contracting and this is the reason for weak commodities and lower yields. More details in The Peter Dag Portfolio
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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