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Oil Price Effect on Industrials

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Updated E&P Activity and Efficiency Indices

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Employment Rises

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Carloads Returning to Pre-COVID Levels

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Chemical Activity and Truck Tonnage Rebound

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S&P 500 Intrinsic Value Update

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Oil Consumption Recovers

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80’s Market?

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Tale of Two Tapes: Recovery Data v Bubble Forecasts

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Retail Sales Accelerate

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Mobility Trends Reach Pre-COVID Levels

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NBER Says Recession Started in February….Data Contradicts

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Emp +3,839,000/Vehicle SAAR Rebounds To 12.2M Pace

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Claims Continue to Fall

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S&P Intrinsic Value Update

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