Economy
February 28, 2017
February at a Glance
Written by John Packard
As the month of February comes to a close our SMU Price Momentum Indicator reverted to “Higher” from “Neutral.” However, we should be aware that the vast majority of the month saw our Price Momentum Indicator at “Neutral.”
The SMU Steel Buyers Sentiment Index continued to show strength both as single data points as well as our three-month-moving average (3MMA). The Sentiment Index has been at record high levels for the Index which dates back to 4th Quarter 2008.
