Early Stages of Slowdown for Industrials
How long is the current worldwide lull likely to persist?
The last several weeks have been tough ones for industrial companies, as Mr. Market has been dutifully discounting the worldwide manufacturing slowdown signaled by virtually every indicator of late. Indeed, the Industrial Select Sector SPDR (XLI) is now about 8% below its April high, compared with a roughly 6.5% decline in the broader market over the same period.
Eric Landry does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.