This number was truly stunning and almost unbelievable. Chi-palm as we used to call in back in the day jumped from a recessionary level of 44 to 55.8. The index has done this when exiting recession and also acted this way just before going into a recession. After sitting in recessionary territory for a year, it jumps 12 points. We will hold off any judgement until we see if there is any follow-through or if this is an outlier. Interesting…
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