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Houston,Tx | respectfully, the CIT report is more accurate, when the commercials were no where close to net long in Feb (-200k+) or any other time until the last 6 weeks straight.
the more accurate account of commercial trend (which is what ultimately drives the mkt lodi) - they were about -185k in early Jan--dipped to -265k @ the end of Feb, and have gradually trended longer to currently positive (net long) between +12k-26k for last 6 wks.
They haven't been NET long since the inception of the CIT in Jan 2007. I could be delusional, but this is probably an important tidbit of information for the new mktg yr. | |
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John Burn's question the other day.
