What is driving the recent positive momentum in the manufacturing sector?
Replied byCathie Wood
Founder, CEO & CIO at ARK Invest
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: St. Petersburg, Florida, United States
Started: 2014
The manufacturing sector is gathering nice momentum, though we are still evaluating how much of this is temporary inventory building. Geopolitical concerns around Iran and confusion surrounding trade tariffs have caused companies to stockpile goods.
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