Some things just go together — like the Oscars and Meryl Streep. The actress received her 18th Academy Award nomination last week. It is not all that surprising since half of the annual Academy Awards over the past 36 years have featured Meryl Streep as a nominee. While not as well known, business spending and stock market gains go together at least as well — especially when it comes to renewed spending by manufacturers and the stocks in the industrials sector Last week’s monthly report of U.S. factory capacity utilization, which measures the percentage of maximum potential output currently in use, reached the highest level since mid-2008. The drawdown in spare capacity highlights how long it has been since capacity has been expanded for America’s manufacturers….

The Meryl Streep of the Stock Market