Weekly Economic and Market Review
Friday’s jobs report was good news and reinforces the idea that the economy is on a sustainable recovery path – or does it? When put in the context of the other reports of the week, I’m not so sure. We are certainly seeing an inventory restocking led recovery but whether it turns into something more .. read more
Disgusted
From the Washington Post: The House ethics committee ruled Friday that seven lawmakers who steered hundreds of millions of dollars in largely no-bid contracts to clients of a lobbying firm had not violated any rules or laws by also collecting large campaign donations from those contractors. In a 305-page report, the ethics committee declared that .. read more
Correction or More?
The stock market is in the throes of a correction that has lopped 7% off the averages over the last couple of weeks and skittish investors seem to be taking the attitude of sell now, ask questions later. Earnings season has been surprisingly upbeat with roughly 3/4 of companies producing earnings better than the consensus. .. read more
Economic Report: ISM Manufacturing Index
Update: What does the ISM mean for the market? In an earlier post, we pointed out that the market tends to bottom at the same time as the ISM. The ISM ticked slightly higher this month, for the second consecutive month. While this does not constitute a trend, this could be the beginning of the bottoming .. read more
Economic Report: ISM Manufacturing Survey
Update: What does the ISM mean for the market? In an earlier post, we pointed out that the market tends to bottom at the same time as the ISM. The ISM ticked slightly higher this month, and while one month does not make a trend, this could be the beginning of the bottoming process. The US .. read more
Economic Report: ISM Manufacturing Survey
Update: What does the ISM mean for the market? In an earlier post, I pointed out that the market tends to bottom at the same time as the ISM. With the ISM continuing to fall, that does not bode well for the stock market. The US manufacturing sector contracted significantly in the month of November, as the nation’s .. read more
