Jobs Data vs Industrial Charts

by Laura Ehrenberg-Chesler on April 1, 2010

in Earnings,Economic Indicators,Employment,Investment Strategies

Yesterday morning ADP released disappointing jobs data.  Not necessarily a surprise, but not a positive for the employment outlook, and its implications for the economy.

On the other hand, look at a chart on just about any industrial company from Danaher to United Technologies.  They all reflect an improving global economy.  Honeywell raised its full year 2010 guidance as well.

Based on the price action of this sector, which is an important indicator for economic activity, I am willing to put more weight on a global economy that continues to show signs of improvement.

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