Finally, we close with brief comments on All Abord, The Unstoppable IOT, and Craning Ahead.  First, with Cruises once more plying the waters, Cruise Lines are enjoying a resurgence in spending by passengers.  Total spending per passenger is running 12% ahead of 2019 when combining ticket pricing strength and onboard spending, according to data from Royal Caribbean.  With passengers opening their pocketbooks, we see the Cruise Industry saying: All Aboard:!  Second, Qualcomm indicated that demand for its Internet of Things (IOT) products continues to grow at a rapid pace.  The company reported 67% year-over-year growth for these products, with demand remaining strong.  As everything in the economy becomes linked, growth should continue for the next decade.  Given this, make way for The Unstoppable IOT.  And Third, crane demand continues to explode to the upside.  This reflects the upsurge in construction and comes before the passage of an Infrastructure Bill.  According to Manitowac, crane orders grew 37% year-over-year, held back by supply chain disruptions.  Backlog grew 91% year-over-year and rose 64% so far this year.  Given these types of numbers, the industry continues to be Craning Ahead.

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