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On a year to date basis, again, energy is the top-performing sector up 31.7% followed by financials, communication services, industrials and materials. Year to date, technology continues to slip in performance and is now negative for the year down .7%. The economic data also suppo...
US manufacturing is going strong. The ADP Report was soft. The markets continue to consolidate gains. For further details see: The Markets Continue Consolidating (Technically Speaking For 3/3)
Manufacturing and housing sectors turned white hot this month, with both construction spending and ISM manufacturing data at levels not seen in years. The overall ISM manufacturing reading rose from 58.7 to 60.8, tying the highest reading since the Great Recession, and indeed since 20...
In economic terms, synchronized growth would mean if the bulk of the economy starts moving forward, we'd expect the rest to follow with only a slight lag. The ISM reports today that its manufacturing PMI moved back above 60.0 for the month of February 2021. Synchronized is and has...
The Institute for Supply Management's Manufacturing Purchasing Managers' Index rose in February, registering a 60.8 percent reading for the month, the highest since May 2004. Among the key components of the Institute for Supply Management's most recent survey, the New Orders Index cam...
Industrial production rose 0.9 percent in January following a gain of 1.3 percent in December, 0.9 percent in November and 1.1 percent in October. Manufacturing output, which accounts for about 75 percent of total industrial production, rose 1.0 percent after a gain of 0.9 in December...
Risk assets continued their historic run last week with EM equities and commodities leading the way. Bonds sold off as the 10-year Treasury note yield broke above 1.20% for the first time since the lows last spring. The 10-year TIPS yield closed the week at 1.02%, near the all-tim...
More evidence that active investment doesn't work. The ISM indexes show the manufacturing and service sectors are growing strongly. The major indexes are at or near 30-day highs. For further details see: The Indexes Are At Or Near 30-Day Highs (Technically Speaking For 2...
The story is that prices are rising because components and commodities are in short supply, and supply chains are dogged by production issues, and are facing transportation constraints, as demand for those goods has suddenly surged. Of the roughly four dozen commodities in the index -...
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...
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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...