July 3, 2017 | Daily JAM, Morning Briefing |
The Institute for Supply Management’s manufacturing index for June released this morning climbed to 57.8 from 54.9 in May. That was the highest level of the index, where anything above 50 signals expansion, since 2014. Economists surveyed by Briefing.com had projected a slight uptick to 55 for June.Â
April 3, 2017 | Uncategorized |
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October 3, 2016 | Daily JAM, Short Term |
Treasuries are down today and the U.S.dollar up on the release of the ISM Manufacturing Index. At 51.5 for September, the index was up from 49.4 in August and above the consensus of 49.4 among economists surveyed by Briefing.com. Remember that a reading of 50 in this index marks the difference between contraction and expansion so with today’s 51.5 number, this index moves firmly into the economic expansion camp
September 1, 2016 | Daily JAM, Morning Briefing, Short Term |
Manufacturing activity in the United States contracted, unexpectedly, in August, according to the Institute for Supply Management’s manufacturing index released today. The index fell to 49.4 in August from 52.6 in July. That was the biggest drop in the index since January 2014 and was enough to push the index below the 50 level that separates contraction from expansion. The median forecast among economists was for reading of 52.
June 1, 2016 | Daily JAM, Morning Briefing, Short Term |
With U.S. stocks bumping up against the top of the recent trading range of 2100 on the Standard & Poor’s 500 index–and near the May 2015 all-time high for the index at 2135–markets need good news to push stock prices higher. But every piece of good news also increases the likelihood that the Federal Reserve will raise interest rates at its June 15 or July 27 meetings
February 3, 2014 | Daily JAM, Morning Briefing |
Today the bad news on the U.S. economy is having way more influence on the markets than the good news—even though the good news is way more credible.
November 30, 2013 | Uncategorized |
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May 16, 2012 | Daily JAM |
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September 1, 2011 | Uncategorized |
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June 1, 2011 | Daily JAM, Morning Briefing |
The Institute for Supply Management Manufacturing Index fell to 53.5 in May from 60.4 in April. Although any reading above 50 indicates that the economy is expanding, the drop would seem to confirm other evidence of a slowing in manufacturing activity.
March 24, 2011 | Short Term |
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March 16, 2011 | Daily JAM, Morning Briefing |
One long-term consequence of the earthquake, tsunami, and nuclear meltdown in Japan will be to make Japanese manufacturing look more like that in the rest of the world.