GREY:INNHF - Post by User
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production05on Aug 22, 2015 8:14pm
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Post# 24043235
9) Caterpillar and Deere - huge bellwether companies
9) Caterpillar and Deere - huge bellwether companies They provide large machinery and equipment globally. Lowing of their sales is usually a strong indication of slowdown in the global economy.
Caterpillar has now seen 32 consecutive months of declined global retail sales - over a year greater than the decline seen during the 2008 financial crisis.
Deere just came out with poor numbers and forcasts, and a substantial buld up in inventory (from poor sales).
Here is a Caterpillar chart:
