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May retail sales equals $620.2 billion and is sharply above the pandemic low of $409.8 billion. The strong consumer demand has overwhelmed retail and business inventory levels, and this shows in the low inventory-to-sales ratio of these segments. On the other hand, shortages of se...
Industrial production rose 0.8 percent in May, the seventh gain in the last eight months. Manufacturing output, which accounts for about 75 percent of total industrial production, increased 0.9 percent, the sixth gain in the last eight months. Over the past year, total industrial ...
Like a lot of parts of the global economy, housing/wood/material each saw a drop in both supply and demand given last year’s recession. Once beyond the commodity-induced price effects, it becomes clear the economy is settling back into the same disinflationary circumstances or ...
Consumer Services climb to the top performing sector in May. Supply constraints limit output for basic material and consumer good sectors. Broadly positive economic conditions point to further closing in on the removal of accommodative policy. For further details see: U....
The US economic recovery shifted up a gear in May, with the PMI covering the combined output of the manufacturing and service sectors surging past all prior peaks by an impressive margin. The strong correlation between the PMI and GDP means the economy looks set to enjoy impressive - ...
We got another disappointing employment report last week. The US economy added 559,000 jobs in May, which was below expectations and disappointing. There are certainly remaining supply-side issues in the economy, which is what we should expect in a recovery from a supply shock. The pr...
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index rose to 61.2 in May, a rise of 0.5 points over the 60.7% result in April. The New Orders Index came in at 67.0 percent, up 2.7 percentage points from 64.3 percent in April. The Production ...
The ISM Prices-Paid Indices for both Manufacturing and Services are at 10-year highs and are close to multi-decade highs. The percent of small businesses that are raising their average selling prices is the highest since 1981. The combination of trends is very bullish for commodit...
So far this month, the government has published five key economic reports and each one has delivered sharply divergent results relative to the consensus forecasts. The uncommonly big string of misses for expectations vs. results is fueling increasingly stark forecasts in some corners....
Commodities are on the move. Copper is at an eight-year high and lumber has tripled in a year’s time. When asked about Bitcoin’s meteoric rise, Bob Iaccino commented that “Bitcoin appears to respond to global currency devaluation.” I believe this is the mos...
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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...