U.S. Manufacturing – The Unsung Hero

Below is a synopsis of this investment report:

• The data suggest that the U.S. has experienced a rise in exports since 2005, and we feel that this is just the beginning of a long secular trend to bring manufacturing back to the U.S.
• The main driver of resurgence in domestic manufacturing has been the significant cost advantage for facilities and plants located in the U.S. vs. other developed export economies.
• The net result of this trend is a material decrease in unemployment, rising consumer spending and stronger economic growth which further supports our secular bull market thesis for equities.

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