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Manufacturing in battleground states appears to be sputtering 2/ 
And the overall outlook for these states looks relatively grim 3/
Can the Fed turn this around? What matters for the economy are mainly long-term rates, and these have already priced in a huge amount of easing – they're more or less back to where they were before the 2016 election, and way off the post-tax-cut bump 4/
Lots could change, and all these forward indicators could be wrong. But right now it looks as if the general election will be waged against the background of a weak economy, with Trump's claims of having turned everything around sounding like a sick joke. Just saying 5/
