FYI: With a broad collection of our economic signals stabilizing in recent months, the pace of economic growth and the financial markets may be approaching an equilibrium where the pace of economic growth and long-term interest rates hold steady.
For example, U.S. and global composite PMIs [purchasing managers’ indices] have shown signs of stabilization over the last few months. Furthermore, while long-term interest rates and industrial commodity prices have recovered from recent lows, they remain well below levels seen before the pace of growth began to slow in 2018.
This stability suggests that the slowdown in pace of economic growth has bottomed.
Regards,
Ted
https://www.etf.com/sections/features-and-news/tech-etf-sweet-spots
