pmi

China’s First Virus-Filled Economic Data May Not Be All That Helpful

By |2020-03-02T12:21:30-05:00March 2nd, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There were only two possibilities and both related to their release. Either the Communist Chinese government was going to delay them, or would just say, screw it, everyone knows they’re going to be bad so let ‘em fly. There weren’t any questions about the data itself. Sure enough, the first glimpse at China’s economy in its full virus effects was [...]

Number Four Gets Back To Looking Nasty

By |2020-02-21T17:22:40-05:00February 21st, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Shocking, perhaps, but in no way unexpected. IHS Markit didn’t just throw a wrench into all that talk about a global rebound, the organization solidly hammered a substantial nail in its coffin. According the flash estimates for February 2020, the US economy hit a skid. The manufacturing version dropped back to 50.8 from 51.9 in January. The rebound on this [...]

Bring The (PMI) Noise

By |2020-02-03T15:42:45-05:00February 3rd, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The ISM’s Manufacturing PMI rebounded sharply in January 2020, according to preliminary assessments. December’s figure was revised upward to 47.8 from 47.2, which had been a decade low, and that’s only where it began. The first estimate for the twenties exploded out of contraction, or what’s associated with the idea, to reach 50.8. It was the highest since last July, [...]

Euro$ #4 Turns Three

By |2020-01-24T18:34:47-05:00January 24th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

IHS Markit’s Composite US PMI rose to a 10-month high in January 2020. According to its flash estimate, the index was up to 53.1 from 52.7 in the final reading for December 2019. Driven by a rebound in the services component, the composite combines both the manufacturing and service PMI’s into a single number, Markit’s view is that the US [...]

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