This is something I've heard repeated time and time again but I'm not really clear on the exact meaning of this. Is it possible to track inventory and capex cycles on the FRED website?
I see that total CAPEX is listed on the FRED's website (https://fred.stlouisfed.org/series/BOGZ1FA895050005Q) but I don't exactly see how CAPEX is at any kind of low - let alone a multi-year low.
Where's a good place to track industry inventories?