An Increasingly Deteriorating Outlook

Manufacturing activity around the globe has been fading for some time. Past signs of manufacturing improvement during the post crisis period have largely disappeared, and pockets of deterioration are increasingly developing in various economies around the world. This weakening in worldwide manufacturing activity is highly problematic for stocks, as manufacturing is a primary driver of the corporate profits that are so critical to rising stock prices. Unfortunately for the market, recent data trends suggest that manufacturing conditions and thus corporate profits may end up getting worse before they get better.

Please click on the link to read more of my article on Seeking Alpha.

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