, Columnist
Markets Are Ignoring Manufacturers' Glum Message
Investors may not want to believe it, but the hoped-for industrial rebound looks tentative at best.
A second-half pickup in activity is far from assured.
Photographer: Dadang Tri/Bloomberg
This article is for subscribers only.
The stock market’s blind optimism is colliding with industrial CEOs’ realism.
Caterpillar Inc. and Honeywell International Inc. rounded out a busy week of earnings for the manufacturing sector on Friday, with both companies pointing to a continuing slide in growth in 2020 that flies in the face of expectations for a swift rebound following the signing of the U.S.-China trade deal.
