The Rising Influence of Rising Affluence

[santafe2]

I don't disagree with your point however transports and housing are both still in a bottoming process. Oil and gas are robust and infrastructure may be in the next year or so if Republicans don't gain enough control to fight this spending.

I stand by my assertion. As long as spending has moved away from tech, especially semis, and interest rates are moving northward, the economy is a mixed bag and I don't expect a robust rebound. It will be interesting to revisit this issue in six months.