(https://www.cnbc.com/2026/08/03/faa-boeing-737-max-certification.html) to fly again—textbook positive headline. But buried in today's data: manufacturing purchasing managers just reported inflation concerns (https://www.cnbc.com/2026/08/03/manufacturing-survey-shows-inflation-worries-adding-to-pressure-on-fed.html). That's not a tailwind for aerospace supply chains or industrial capex.

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