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Recent data point to cooler demand for manufactured goods other than semiconductors and other electronic equipment.
Other recent data point to an American economy that is slowly regaining its strength.
After years of coping with very volatile gasoline prices, consumers are apt to look at the most recent data point warily, knowing that while it might vanish quickly, low wages aren't likely to begin rising any time soon.
The most recent data point incorporated into the study is five years old, Maisels noted, because of the enormous amount of information that had to be gathered and analyzed.
Meanwhile, the closely watched Chicago business barometer surged to a 7-month high in November, and pending home sales leapt 10.4% from September to October.Not every recent data point has been positive.
"We suspect that the recent market downdraft will eventually be viewed as a buying opportunity for those who are willing to look beyond the most recent data point," Barclays Capital analysts said in a research note.
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Recent data pointed to strong US economic growth, keeping demand for oil and diesel high.
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The rise, however, failed to offset other recent data pointing to a loss of momentum in housing.
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