If a premium member on Slope types in the easy-to-remember symbol FR:ANXAVS they will see some data from the U.S. Government called Manufacturer’s Value of Shipments, described here in great detail. As you can see, over the span of decades, it is a gorgeously cyclic creature.
The data is described thusly:
The Manufacturers’ Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
Considering the massive, sweeping arcs of these trends, it seems pretty clear to me what the next direction is going to be for years to come.
Here’s a hint. It WON’T be this:
