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Friday, September 25, 2020

Is the US preparing for a 2nd covid lockdown?

https://www.channelnewsasia.com/news/business/us-imports-surge-as-pandemic-worries-have-retailers-stockpiling-13148182

The US imports have surged as the retailers are stockpiling in view of the COVID resurgence situation.

In August, we had analyzed that the US was undergoing an inventory reduction phase and we were correct in our analysis.

http://sg-stock.blogspot.com/2020/08/how-do-you-interpret-ppi-vs-cpi-and.html

Then, in September, we concluded that the US would end its inventory reduction phase after our PMI analysis.

http://sg-stock.blogspot.com/2020/09/the-us-ism-pmi-improved-again-in-august.html

The US retailers' stockpiling have corroborated our PMI analysis that the US inventory reduction phase would end soon.

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