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Summary Massive government transfer payments during the Covid era ended up being monetized and stored in bank saving and deposit accounts. When people emerged from their Covid cocoons in early 2021, they unleashed a tsunami of spending. Inflation, as a result, surged. The moneta...
Summary The ISM Manufacturing survey suggests the sector has seen a clear slowdown in recent months with broad based weakness across different aspects of business. The Manufacturing PMI fell to 48.4 percent in December, the second consecutive reading below neutral and the lowest level s...
Summary Today’s data offer further evidence that labour demand remains strong despite clear signs of a weakening economy. Labour data is a lagging indicator though and with CEO confidence at the lowest point since the Global Financial Crisis, we expect a more defensive stance of ...
Summary December S&P Global US Manufacturing PMI came in at 46.2, down 1.5 from final November figure and in contraction territory for the second consecutive month. S&P Global US Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below ...
Summary I expect traditional fossil fuel energy companies to continue to excel, rising to up to 30% of the S&P 500 in the upcoming years as technology stocks continue to shrink. After the most aggressive series of rate hikes in decades, inflation is finally moderating. Whether or no...
Summary Growth in Texas factory activity resumed in December, according to business executives responding to the Texas Manufacturing Outlook Survey. Texas produced $159 billion in manufactured goods in 2008, roughly 9.5 percent of the country’s manufacturing output. Texas als...
Summary December FOMC meeting point to policymakers already starting to take a less aggressive stance to policy tightening compared to the prior four 75 basis point hikes. In line with PMI data, the latest official data signalled a slowdown in the pace of Consumer Price Inflation during...
Summary PPI is cooling off, due largely to the fact that the big PPI surges from a year ago are being “cut off” in the annual calculation. Core PPI, excluding food, energy and trade margins, rose just 0.3% in November and 4.9% in the past 12 months. ISM announced that its ...
Summary The Fed’s mandate is stable prices and maximum employment. For now, employment, wages and inflation momentum are still too strong to warrant a Fed pivot. If Powell and the Fed fail to tame inflation, then their heads are on the chopping block. They know this and they will...
Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...
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2024-06-19 16:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-19 01:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-09 01:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...