08-23-2018, 11:07 PM
Companies in the S&P 500 Index reported a 24 percent year-on-year increase in capital spending in the second quarter, the fastest since 2011, according to Bank of America Merrill Lynch. More comprehensive government numbers paint a similar picture. Business investment rose by 11.5 percent in the first quarter of this year from the preceding period and 7.3 percent in the second.
Breakingviews - Investment gives U.S. market, economy fresh legs | Reuters
Remarkable, and reason for us to get a little more optimistic, as we set out in the following article:
We might have been too pessimistic about the impact of the tax cuts on the economy. New data about business investment and productivity growth paint a better picture; even if it's a little soon to argue, a new trend has been established. Business investment and productivity growth are especially important to investors, as a material uptick in these allows for the bull market to continue running.