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By Jill Mislinski Fifth District manufacturing activity slowed in December, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index fell to -5 in December from -1 in November. Investing.com had forecast 9. Because of the highly volatile nature o...
By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, and covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives...
The first reports in December are in, and both were negative. Let's start with construction spending. Overall construction spending declined -0.8% in October. The more leading residential construction spending declined -0.9%, the second decline in a row (blue in the graph below): Figure 1...
Why we might worry about the PMI We all know what a PMI is - a purchasing managers index - and why we might be interested in it. It's one of our few forward looking measures of how the economy will do in the immediate to near future. However, we do need to be careful about how much weight ...
One potential consequence of an economy that is growing at a slow pace is the higher likelihood that reported economic data has a tendency to conflict with some of the other economic reports. An example of this is the report on manufacturing activity released on Monday. Both the Institute for ...
Before 2017, the highest price that lumber futures ever reached was $493.50 per 1,000 board feet in 1993. In late 2017, the price rose to a marginal new high at $500 and corrected down towards the $400 level. However, in 2018, the illiquid lumber futures market blew through the $500 level as a...
It was a huge sigh of relief, seen as confirmation of the word "transitory." Oil prices in late 2014 had crashed, and while globally monetary officials tried to reassure everyone it was a good thing, a supply glut giving consumers something like a tax cut, the wipeout was still unnerving. And ...
By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives...
The price of copper hit its lowest level since late 2016 in early September when the price of the nearby COMEX futures contract fell to a low at $2.4675 per pound. The active month December contract found its bottom at $2.4820. The base metal that is often a barometer for the health and wellbe...
This morning saw one of the first looks at November activity with the NY Fed Empire Manufacturing report. Economists weren't expecting much of a strong report to begin with as the consensus forecast for the headline General Business Conditions index was for a reading of 6.0 vs. last month's re...
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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...