Economy
April 30, 2017
April at a Glance
Written by John Packard
The month of April began with SMU Price Momentum Indicator pointing toward higher prices and by the second week of the month we had moved our Indicator to Neutral which is where it is now as the month ends.
Our 3MMA for the SMU Steel Buyers Sentiment Index appears to be peaking at +74. The individual data points for the month averaged +73.5 so, we expect May to begin below the +74 level unless we get a surprise in this coming week’s flat rolled steel market trends analysis.
