The May 2023 MHOI is up 2 points to 85 (negative/pessimistic) from last
month’s lowest level since tracking began in April 2021. The question is
whether the current upswing is a burst or just a bubble with the increasingly
negative assessment since December 2022 having been arrested with a more
positive trajectory ahead, or is it just a temporary burst of vigor?

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Iron Will

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