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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...
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...
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2024-06-25 22:26:00 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...
2024-06-04 08:16:00 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 10:38:00 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...