Today’s ISM manufacturing PMI number spooked jittery US equity investors, sending stocks sharply lower (with VIX climbing above 20).
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This 4th of July let’s celebrate all the economic improvements in the US – Sober Look
by Sober Look • • 0 Comments
As we approach the 4th of July weekend, there are plenty of reasons to celebrate all the economic improvements we’ve witnessed in the US recently. After all, the Fed is talking “taper” because economic conditions are so much better than they were a year ago when the current round of quantitative easing was launched. Among other things, the nation is undergoing a manufacturing Renaissance. Except we ran into a bit of a “soft patch” this spring.
Contributors- Economic and Financial, Must Read, Taken Down
The ISM report: US manufacturing slowest since 2009 – Sober Look
by Sober Look • • 0 Comments
Today’s ISM report confirmed what was already visible in the Markit PMI figures (see discussion) – the “spring slowdown” in US manufacturing is here. The table below shows the breakdown of the month-over-month changes – orders and production seem to be…
Contributors- Economic and Financial, Must Read, Taken Down
Complete confusion over the trajectory of the US manufacturing sector – Sober Look
by Walter Kurtz • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. The divergence between the two US manufacturing gauges (discussed here) is making market participants uneasy – again. The Markit PMI measure (both seasonally adjusted and unadjusted) for March was clearly in growth territory. >50 = expansion Markit’s commentary…
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US data: manufacturing activity remains weak; improvements seen in consumer confidence and resi construction- Sober Look
by Walter Kurtz • • 0 Comments
The Manufacturing ISM number did not surprise to the downside as Goldman’s GSAI was indicating (see discussion). The divergence between GSAI and the ISM has in fact widened, as the corporate sector exhibits a great deal of pessimism. Nevertheless US ma…
Contributors- Economic and Financial, Must Read, Taken Down
Spooky Halloween surprise from Goldman – Sober Look
by Walter Kurtz • • 0 Comments
The Goldman Sachs Analyst Index (GSAI) hit a new post-recession low this month. The index is a composite of corporate outlook by industry from Goldman’s company research. In the past, the index generally fell in line with other economic activity indice…
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Citi Economic Surprise Index spikes – Sober Look
by Walter Kurtz • • 0 Comments
Today’s employment report has sent the Citi Economic Surprise index sharply higher.Citi Economic Surprise IndexThis is building on earlier momentum from stronger than expected US economic indicators such as the ISM PMI results.Manufacturing (white) and…
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by Bears Chat at The Wall Street Examiner • • 0 Comments
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US May manufacturing growth slows: ISM – Full story
by Newswires • • 0 Comments
US May manufacturing growth slows: ISM (via AFP) Growth in the US manufacturing sector slowed in May as the pace of production dropped on falling prices and slower orders, the ISM monthly purchasing manager survey showed Friday. The Institute for Supply Management’s index fell to 53.5 from 54.8 in April, showing the sector is still…
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US services sector slowed in April: ISM
by Newswires • • 0 Comments
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