Nothing is certain. But there are some very positive signs out there about American manufacturing.
... This morning we get the final Manufacturing PMI data from S&P Global and ISM for January.
A solid and stronger improvement in US manufacturing sector operating conditions (52.4 vs 52.0 exp) was signaled by January’s S&P Global PMI data amid the joint-sharpest upturn in production since May 2022.
However, growth was in part driven by inventory building as new orders, despite returning to expansion in January, increased only modestly.
ISM's Manufacturing was expected to rise from 47.9 to 48.5 in January but instead it soared to 52.6 - its highest since Aug 2022. This is the first print above 50 since January 2025....\
Manufacturing pays well for its labor, unlike hotels and restaurants.
Manufacturing growth happens when foreign manufacturers are tariffed.
Therefore, Trump's policies bring MORE and HIGH-PAY jobs.
No doubt the Nattering Nabobs of Negativism will be out there ignoring these reports.
Graphs at the link.
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