Global Manufacturing PMIs
/in Investing/by Tom 2Global Manufacturing PMIs Chinese Official PMI slid to 50.8 vs. (E) 51.2. German Manufacturing PMI was 51.4 vs. (E) 51.8. U.S. ISM Manufacturing PMI rose to 59.0 vs. (E) 56.0. Takeaway Although slightly disappointing, the final October manufacturing PMIs generally supported the fact that global economic growth wasn’t as bad as feared in October. Importantly, […]
Your Weekly Economic Cheat Sheet
/in Investing/by Tom 2Last Week The actual economic data released last week were at best just “ok,” but that was overshadowed by the various statements, actions and expectations of the major global central banks. Markets were reminded that global central bank policy remains very easy (and will likely in aggregate get more accommodative in the future). The biggest […]
Markets Today
/in Investing/by Tom 2Good Morning, What’s Inside Today’s Report: — Weekly Economic Cheat Sheet Futures are fractionally lower after global manufacturing PMIs underwhelmed. Asia and Europe both traded lower off the data, although the declines are moderate. Chinese, German and EMU manufacturing PMIs all slightly missed expectations but stayed (barely) above 50, reflecting the still fragile global growth […]
FOMC Announcement Preview
/in Investing/by Tom 2FOMC Preview Despite the official end of QE, this meeting should go generally according to plan, although there are 4 key areas where potential surprises are lurking. From a market standpoint, the FOMC is expected to be “dovish,” so most of the surprise risk is on the “hawkish” side (although it’s admittedly remote). There are […]
Gold Pops, Dollar Slumps on Durable Goods Miss
/in Investing/by Tom 2Sign up for a Free Trial on the right hand side of this page to see whats next for both gold prices and the dollar index.
How High Can Copper Futures Go?
/in Investing/by Tom 2Copper is rallying for the fourth session in a row after near term trend resistance was broken yesterday. Sign up for a Free Trial on the right hand side of this page to read our analysis of the copper market, and where futures are going next.
Why the Gaetz Withdrawal Sparked Yesterday’s Rally
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally