The Markit PMI indices came out weaker than last month and expectations, but the reaction in the EURUSD is little. The Philly Fed index came out a weaker as well at 24.5 after the surge to 40.8 last month. All the … Continue reading
If it holds it will match the largest rally since Feb 6-7. The story in the stock market this year has been fast selloffs and equally violent rebounds. In years when the stock market has rallied, December tends to be … Continue reading
Here’s a theory: Far more people shopping online this year meant retailers hired fewer extra staff in December. The Market flash services PMI was at a 10 month low and well below expectations. The job creation index was at an … Continue reading
Prior 40.8 New orders 15.70 vs 35.70 prior Employment 7.20 vs 22.40 prior Prices paid 14.00vs 17.30 prior Capex 21.70 vs 23.00 prior 6 month expectations 51.90 vs 57.70 prior That makes last month a one off and the dollar … Continue reading
Prior 56.2 New orders 53.1 vs 55.8 prior Employment 52 vs 53.8 in Nov Composite flash 53.8 vs 56.1 prior New orders 53.4 vs 55.6 prior Lowest reading in the comp since Oct 2013 and employment to the lowest since … Continue reading
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