It sure does look like capital spending has turned a big corner.The chart is courtesy of Bob Bronson. You can find some more of Bob's posts here.
For reference, here's is a similar chart from about 6 months ago.I found it interesting how well Bob's analysis back in October, before the raw data turned the corner, was able to predict the recent changes in Capex.
I also like the way Bob has integrated textual explanations and graphical pointers right in with the charts themselves.The only negative point I see with this presentation is that the dates are hard too read clearly.
