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By Jill Mislinski This June 21 morning's release of the publicly available data from ECRI puts its Weekly Leading Index ((WLI)) at 144.6, up 0.2 from the previous week. Year-over-year, the four-week moving average of the indicator is now at -2.85%, down from last week. The WLI Growth indic...
After month/month increases in three of the four prior months, the June Empire Manufacturing report fell and fell hard. While economists were expecting the headline index to drop from 17.8 down to 11.0, the actual decline was much larger, sending the headline index down to negative 8.6. With...
It seems one topic of interest continues to be talk of a recession as a result of the trade and tariff situation. A recent CNN Business article noted, "America's business leaders are growing more worried that the United States will enter a recession by the end of 2020. Their primary fear: pr...
Official data on manufacturing output showed production rising in May, but the muted increase leaves the sector with a big hill to climb in June to avoid falling into contraction for a second successive quarter, corroborating earlier weak PMI survey data from IHS Markit. Manufacturing "reces...
By Robert Hughes Retail sales and food services rose 0.5 percent in May, following an upwardly revised 0.3 percent gain in April. The May increase was the third rise in a row and fourth in the last five months. Over the past year, they are up 3.2 percent (see chart). Retail sales excluding...
Would-be merger partners United Technologies ( UTX -3.9% ) and Raytheon ( RTN -4.9% ) lead industrial as well as defense and aerospace names lower a day after Pres. Trump gave mixed signals on whether he believed the deal between the companies should go forward. More news on: United ...
When optimism turned to pessimism over the prospects for a trade agreement between the US and China in May, the prices of stocks and crude oil declined. The risk-off environment following President Trump's announcement on May 10 and China's retaliatory measures on May 13 began to look a lot li...
The base metals that trade on the London Metals Exchange include copper, aluminum, nickel, lead, zinc, and tin. The six nonferrous metals are building blocks for infrastructure with a myriad of applications. The LME is more than a futures exchange, the most liquid contracts that trade on the 1...
Back in the fourth quarter of 2016, in the immediate aftermath of the 2016 election, sentiment towards manufacturing in the US surged. Right before the election in October 2016, the ISM Manufacturing index was at 51.7, and eventually rallied all the way to a peak of 60.8 in August 2018. For th...
With each level on the up or the downside, Doctor Copper provides market participants with a potential diagnosis for the overall health and wellbeing of the global economy. However, since China is the world's leading consumer of the red metal as well as many of the other base metals that trade...
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2024-05-25 17:54:00 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...
2024-05-15 18:24:00 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...
2024-04-06 11:12:00 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...