3-6-2023 – U.S. Factory Orders Decline

The Institute for Supply Management reported last week that manufacturing, which accounts for 11.3% of the economy, contracted for a fourth straight month in February.

(With the Federal Reserve expected to keep hiking interest rates into summer, a swift turnaround in manufacturing is, however, unlikely.)

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Justin's PERSPECTIVE looks at the price history of crude oil and the potential lessons for investors.

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