PMI

PMI to ISM to S&P update

by Henry Becker 10.03.2011

Commentary below A few items to take away from the above charts: First, is that we are seeing some PMI turning up but the economy and the market not.  Second, we are seeing ISM turning up and the market not.  The divergence in the bottom picture we saw a little of back in March of [...]

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What charts or data is Bernanke looking at?

by Henry Becker 08.29.2011

I keep seeing that the market is rising because of Bernanke’s positive outlook on the slow recovery.  I am just wondering what charts he might be looking at so I thought I thought I would revisit some important ones as they relate to the economy. Here are four Fed region PMI figures: Here is unemployment [...]

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PMI to ISM to Stocks part II

by Henry Becker 06.01.2011

Yesterday I posted about Regional Fed Business Survey results (PMI) were falling and that today’s ISM would likely follow. As indicated ISM came in below consensus estimates at 53.4 down from a month prior of 60.4 and two months prior at 61.2. As usual the consensus economists (whoever they are) are clueless with estimates at [...]

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PMI to ISM to Stocks

by Henry Becker 05.31.2011

If you have not noticed the regional Federal Reserve Banks have been publishing their Business Surveys for their region also known as purchasing manager indexes and they are not too rosy.  The potential problem is that the Institute of Supply Management Index (ISM) Index which monitors employment, production inventories, new orders and supplier deliveries tends [...]

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