Macro: Factory Orders
Similar to the Advanced Durable Goods orders release from 2 weeks ago, broad factory orders remain choppy and have generally flat-lined or perhaps have a slight positive slope to their medium term growth vector. YoY [...]
Macro: ISM Services
The index is down from 52.7% in November to 50.6% in December. While current activity registered a jump to 56.6% from 55.1%, the composite is being held down by employment, inventories, trade and new orders. [...]
Macro: Employment
The employment numbers came in progressively better throughout the week. Friday, the US Bureau of Labor Statistics reported that the US added 216,000 jobs in December. The following industries reported the largest gains: Leisure and [...]
Macro: S&P Global US Services PMI — strengthens
Personal consumption of services is 45% of US GDP. Employment is strong and the service sector continues to be strong. S&P Global PMI report came in at an expansionary 51.4. Output rose for the 3rd [...]
Macro: Employment — ADP and Initial Claims — Strong Employment continues
The economic backdrop today: Employment is strong Employment drives personal consumption Initial Unemployment claims dropped by 18,000 to 202,000. This is the 4th lowest number of initial unemployment claims of the year. Continuing claims dropped [...]
Macro: Job Openings and Labor Turnover
The labor market is softening, but still strong. Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any [...]
Macro: ISM Mfg PMI — 47.4
Manufacturing regionally, nationally and globally continues to be in contraction. In line with that theme, ISM reported 47.4% this morning, the 14th straight month of contraction. Manufacturing is contracting at slower rates and export orders [...]
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