After a sluggish year, industrials have seen the highest growth since March. Apriem’s Benjamin Lau tells The Wall Street Journal that the recent strength in the sector is mostly due to domestic demand. See excerpt below:
And some analysts think strength in the U.S. economy could continue to underpin manufacturing stocks, even as global trade discussions continue.“We’re focusing on more domestic demand,” said Benjamin Lau, chief investment officer of Apriem Advisors, who has been slightly overweight industrials this year.
The full article can be read here.