This is the graph of the Deviation from the Trend (State of the Economy Index of Bank of Israel). Over time we have found correlation between this index and the IT spending Index of STKI.
we can see that the correlation continues:
Q2 in IT was a bad quarter not as bad as last year's but something happened.
We feel that it was a 60 day downturn that has corrected itself.
Our vendor felt it but couldn't explain it.
I feel the same.
for information on the index:
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