Comments from the ISM after absolutely rubbish PMI

  • 2015 shaping up like 2012 with this November dip
  • Late year slowdown in 2012 was followed by a rebound
  • Sees contraction as temporary and should rebound
  • Slowdown in Nov was broad based
  • Consumer spending likely to lift factories
  • Hiring grows in anticipation if more orders
  • Gain in employment is a positive sign

He's really clutching at straws this month

Let's look at the difference between temporary and trending

You're doing it wrong Holcomb