While there is optimism, February retail sales at .1% definitely slowed this movement.
There is also the wild card of autos. Ford has already warned on inventory and slow sales which means a lot of capacity becomes available as the automotive industry adjusts (read: idles plants).
More to come but let's call this a "good sign" if you are on the capacity side and an "early warning" if you are on the shipper side.
|Inventories to Sales Ratio|