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The monthly release of the ISM Manufacturing PMI report is a closely watched factory gauge. In the January 2021 ISM report, the price component rose to its highest level since April 2011, with all 18 industries in the survey reporting paying higher raw material prices. Our team vi...
While the ISM manufacturing reading declined from 60.7 to 58.7, since 50 is the breakeven point, this is still a very strong positive. The even more leading new orders subindex also declined from 67.9 to 61.1, also still a very positive reading. Turning to construction, December c...
Kansas City Fed's manufacturing index exceeded expectations with a strong reading in January. The index was expected to decline to 13 from last month's reading of 14. Instead, the index rose to 17, which is a new high for the pandemic period and is also the highest level since Jul...
In a typical quarter, year-over-year (YoY) growth expectations decline by an average of 3.6 percentage points (ppts) from the start of the quarter to the start of earnings season. However, 20Q4 YoY earnings have increased by 1.5 ppts over this period to -10.3% by Jan. 1, 2021. Con...
Last week, the 10-year Treasury bond yield continued to rise, as last Tuesday's bond auction had a lackluster bid-to-cover ratio of 2.47. This means that the Fed is going to have to do more quantitative easing or the federal government is going to have to curtail its spending. The Fed...
Among strong, positive numbers, industrial production rose 1.6% in December, while the manufacturing component rose by 1.0%. Nominal retail sales declined -1.0% in December. Excluding the food services sector, which has been especially hard hit by the pandemic and lockdowns, sales wer...
Consumer spending fell 0.4% in November, its first drop since the April when the Coronacrisis was about at its worst. Bankruptcies of major US companies scaled old heights in December to finally hit their 2011 levels with 16 major companies filing in December. Job losses jumped fo...
Industrial production rose 1.6 percent in December. Over the past year, industrial production is down 3.6 percent and 3.3 percent below the pre-pandemic level in February. Manufacturing output, which accounts for about 75 percent of total industrial production, rose 0.9 percent. ...
The December ISM manufacturing index rose to 60.7, up from 57.5 in November. The new orders component was especially encouraging, rising to 67.9 in December, up from 65.1 in November. Further, the Commerce Department announced that factory orders rose 1% in November, the seventh strai...
The December ISM manufacturing report is much stronger than predicted. Rather than fall from 57.5 to 56.8 as forecast by the consensus surveys, it actually rose to 60.7, led by gains in output, orders and employment. It offers hope that the manufacturing sector can continue to per...
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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...