Economic Data Positive

The economic data in the US is still showing good numbers. The purchaser manufacturing index, which measures the economic health of manufacturing and service, came out this week with a pretty stellar 56. The estimates were 51.9. Anything over 50 is seen as an expansion for the economy. Plus, the unemployment numbers were very good this past Thursday, and we still see the yield curve, although it’s getting closer to the 10-2 inversion, is flattening out. The leading economic indicator composite also shows that we’re still in solid economic growth territory. Does that mean we’re in for another record year, or is volatility and a market correction on the horizon?

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