Note: originally published Friday, Nov 1 There wasn’t much by way of the ISM’s Manufacturing PMI to allay fears of recession. Much like the payroll numbers, an uncolored analysis of them, anyway, there was far more bad than good. For the month of October 2019, the index rose slightly from September’s decade low. At 48.3, [...]
Update: What does the ISM mean for the market? In an earlier post, we pointed out that the market tends to bottom at the same time as the ISM. The ISM ticked slightly higher this month, for the third consecutive month. While this does not constitute a trend, this could be the beginning of the bottoming process. [...]
Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis. Monday Personal Income and Outlays - Full Report, Charts/Analysis ISM Manufacturing Index - Full Report, Charts/Analysis Construction Spending- Full Report AIG Bailout - Full Report Tuesday Pending Home Sales - Full Report, Charts/Analysis Wednesday ADP Employment Report - Full Report, Charts/Analysis [...]
The non-manufacturing sector in the US continued to contract in January, but at a slower pace than what was expected, according to the Institute of Supply Management’s non-manufacturing index. The financial crisis, as well as the continuing housing contraction, has reached all facets of the economy, and the services sector is feeling a lot of the pain. But this month’s reading is good news we [...]
There is no argument about the current economic situation. We’re in a recession and it is fairly deep. Investing though is about the future, not the present or the past. Investors will want to keep their eye on indicators which can give early signals of recovery. A number of these early cycle indicators have recently turned positive. This morning, [...]
Update: What does the ISM mean for the market? In an earlier post, we pointed out that the market tends to bottom at the same time as the ISM. The ISM ticked slightly higher this month, and while one month does not make a trend, this could be the beginning of the bottoming process. The US [...]
Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis. Monday Personal Income and Outlays - Full Report, Charts/Analysis ISM Manufacturing Index - Full Report, Charts/Analysis, What the ISM Tells Us Tuesday Pending Home Sales - Full Report, Charts/Analysis Wednesday ADP Employment Report - Full Report ISM Non-Manufacturing Report - Full [...]
The non-manufacturing sector in the US continued to contract in December, but at a slower pace than the record low established in the previous month, according to the Institute of Supply Management’s non-manufacturing index. The prevailing credit crisis, as well as the continuing housing contraction, has reached all facets of the economy, and the services sector is feeling a lot of the pain. [...]
Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis. Monday Construction Spending - Full Report Tuesday Factory Orders - Full Report, Charts/Analysis ISM Services Index - Full Report, Charts/Analysis Pending Home Sales - Full Report, Charts/Analysis FOMC Minutes - Full Report Wednesday ADP Employment Report - Full Report, Charts/Analysis Thursday [...]
The non-manufacturing sector in the US took another big hit in November, after a steep drop-off the previous month, according to the Institute of Supply Management’s non-manufacturing index. The prevailing credit crisis, as well as the continuing housing contraction, has finally reached all facets of the economy, as the services sector is now feeling a lot of pain. The NMI came in at [...]
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