A fresh debate over the state of the U.S. economy is gaining traction on social media, after Anthony Pompliano declared a “manufacturing boom” underway, while The Kobeissi Letter is fueling renewed concerns that underlying stagflation pressures may be building.
Manufacturing Momentum Picks Up
In an X post on Sunday, investor and commentator Pompliano pointed to what he described as a “manufacturing boom” underway in the United States.
Supporting the view, the latest data showed the U.S. manufacturing sector continued to expand in April, with the ISM Manufacturing PMI holding steady at 52.7, matching March’s reading and marking a fourth consecutive month of growth.
The New Orders Index rose to 54.1, while production and supplier deliveries remained in expansion territory. However, employment and inventories stayed in contraction, highlighting ongoing labor market softness despite broader economic momentum.
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