Tag Archives: ISM

Chart of the Day: Factories Slower

(click here if chart is not observable)

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Cliff Diving – Day 16

December, the overall best month for stock performance, isn’t supposed to start like this! The S&P500 opened almost at its high of the day, traded through the 50-day moving average, got spanked  and commenced to sell off the rest of … Continue reading

Posted in Fiscal Cliff Monitor, Uncategorized | Tagged , , , , | 1 Comment

U.S. Manufacturing Contracts For First Time Since July’09

Note the collapse in new orders. (click here if chart is not observable)

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Shorts Send Out Mayday As ISM Surprises

Wow! Check out the market reaction to the ISM this morning.  Many were caught off guard and even shorting just minutes before the number expecting a weaker print on the back of the weaker regional PMIs.   We were surprised, but, … Continue reading

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U.S. Manufacturing Surprises to the Upside

The Institute for Supply Management (ISM), the US purchasing managers’ index (PMI) for March increased to 53.4 from 52.4 in February, beating expectations of 53.  It’s the 32nd consecutive month that the index has been at least 50. The ISM … Continue reading

Posted in Economics, PMIs | Tagged , , | 2 Comments