Finally, some traction
The economy has come into sharp focus, and for good cause. The previous yo-yo pattern of import levels reached a peak in July that appears to have extended into August. Nonetheless, data from around the globe is a mix, with a weak recovery as Europe struggles with rising COVID-19 numbers but China’s exports remain solid. Will this last? A lot of uncertainty is in play. Our third-quarter projection suggests that the West Coast will have its best quarter in five years but that