Macro Updates & Themes

There has been an unusual amount of channel noise and head fakes since early 4Q20. Our surveys seem to be picking up several crosscurrents that have created some confusion or made it slightly more difficult to identify underlying macro themes. That said, we are currently focused on three March developments that could ultimately impact market forecasts and forward-looking company estimates: (1) The Tier4 Macro Sentiment Index strengthened over the past two months and channel confidence seems to be hitting a point just shy of the pre-COVID level; (2) We expect carbon steel prices to bounce in April/May; and (3) Recent headlines do not read well for the aerospace industry or aircraft future production schedules Continue reading

Apologies for the late issuance of your Monday Rundown, but the entire Tier4 Research team has been dragging all day, slowly recovering from another night Tomfoolery, but this time fully engaged and rocking another Cleveland Browns victory. Continue reading