The Milwaukee Company’s Economic Briefing Report is a weekly summary of economic indicators that have the potential of impacting stock and bond markets.  Readings associated with a high level of risk for a number of the indicators listed below could suggest an elevated risk of a U.S. recession, and therefore a higher level of market risk.  This Report is for informational purposes only and should not be regarded as a substitute for independent research and personalized investment advice.

Comments on this week’s report:

  • Treasury yield spreads remain historically narrow with the 10-year minus 2-year spread sitting at 0.17% and the 10-year minus 3-month spread sitting at 0.24%.
  • Industrial production growth took a slight dip as its year-over-year change decreased from 4.08% to 3.80%.  However, its level of risk is still low at a 3.80% growth rate.
  • Growth in Total Business Inventories also realized a moderate drop as its year-over-year growth rate decreased from 5.21% to 4.64% but still shows no indication of a high level of risk.
  • The amount of Commercial and Industrial Loans being issued continues to grow at a strong pace as its year-over-year change increased from 9.65% to 10.59%.
Please Note:  Due to various factors, including changing market conditions, this content may no longer be reflective of current opinions or positions.

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