The ITR Advisor is prepared by our trusted partners at ITR Economics. Published quarterly, The Advisor provides an unbiased view of current events in a clear and concise report. Readers receive up-to-date information on the most reliable U.S. Leading Indicators. Each publication includes:

• Current Event Articles
• U.S. Market Specific Updates
• U.S. State Opportunity Index
• Snap Shot of U.S. Macroeconomic Indicators
• Federal Reserve Overview
• Q&A Section to Address Readers Questions

Economic Update

ITR Economics prepares this semi-annual report exclusively for MCAA members. The report reviews the business cycles and economic trends for several industries. The report tracks production information from ITR’s database and government statistics and also includes an index created by MCAA based on consistent reporters in several reports. Additional insight is provided with appropriate Leading Indicator Indices.

Industries covered in each report include: Chemical | Food | Petroleum | Pharmaceutical | Paper | Machinery | Textiles | Oil & Gas | Transportation | Utilities

Market Trend Reports

These reports written by ITR Economics provide monthly insight into various market segments and offer a glimpse into changes in the economic horizon.

Reports Include:

• Trend graphs
• Rate of change graphs
• Market Analysis
• 3 year forecast for the market reported
• Management objectives which include action items for MCAA members to consider

The Morgan Stanley Global Investment Committee writes the weekly newsletter. The committee is comprised of a group of seasoned investment professionals who meet regularly to discuss the global economy and markets. The committee determines the investment outlook that guides our advice to clients. They continually monitor developing economic and market conditions, review tactical outlooks and recommend asset allocation weightings, as well as produce a suite of strategy, research, analysis, commentary, and other reports and broadcasts.