J P Morgan out with their latest review. Reuters reporting.
– citing today’s weaker report.
Say JPM:
While Q1 is adding up to be a clear disappointment relative to expectations from a few weeks ago, it now looks like the inventory correction was largely completed by the start of the second
I did say in the post at the time that inventories are a key component of US GDP and this downward revision backs that up. Significant revision at that but with the fastest pace of falls in nearly 3 years that’s not so surprising.
sumber:
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