Hi all,
Weekly post on high frequency USA manufacturing data I use with some added mathematical formula.
So from a high on Jan 26 2022 to today's date and to fit it in a 100 basis point numbers it has dropped 5.0%
The numbers are still pointing down.
So, in essence since my last post it has dropped 1.1% over the week.
Was a 1.3% drop last week.
So that is a good sign. Finally slowing marginally.
Whenever it starts to go down there is a 78% probability of sustainability of a further drop.
I have back tested this to 1960.
Keep up the great posts HC members. Excellent forum.
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