You'll have to search to find this news in the legacy media but the Federal Reserve's index of manufacturing in New York state just blew away estimates for the month of February, as uncertainty in the markets evaporated, save the coronavirus outbreak. The reading is also evidence manufacturing is coming back to the U.S. mainland due to the epidemic in order to protect supply chains, and due to the Trump administration's trade policies.
NY Empire State Manufacturing Index (Feb) printed at 12.9 vs consensus estimate of 5.
NAHB Housing Market Index (Feb) printed at 74 vs estimate of 75.
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