Profiteering in a 'snapback' year
It’s a question of trajectory
Another good article from the WSJ. US business are not expected to restock inventories significantly for the rest of this year, as uncertain demand and a reaction to overstocking takes effect. Inventories will remain in line with GDP growth, according to an AT Kearney report. The rising cost of capital – and so the cost of holding inventory – has also dampened investment, notes the article.
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