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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (57336)3/22/2002 5:40:31 AM
From: Skeet Shipman  Read Replies (1) of 94695
 
Philly Fed index drops

Declines in inventories were not as large this month, and firms' forecasts suggest an expansion of inventories in the near term. New orders are not matching firms' optimism about growth, and some see the anticipated expansion slowing. I am glad to have some confirmation of my weekly estimates which have been showing the economy slowing in recent weeks.
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