Posts Tagged ‘Economy ’

The ISM Non Manufacturing beat estimates of 54.2 handily at 56.1.  Also an improvement versus last month's 54.7.  I guess the fiscal cliff "worries" didn't really hit the economy that much in December despite all the media hype.  Employment surged,…

We return to holiday trading with news that the annual hype via the financial media (stationed at parking lots throughout America to tell us how "wicked awesome" sales will be due to foot traffic and "lots of people are out…

By the time the third GDP revision comes out it is old news but since people use this number as an indicator of "health" of the economy, it is worth noting today's >3% print.   (3.1% versus last revision of…

Poor number this morning on the ISM Manufacturing data, offset a bit by a very good construction spending of 1.4% (versus expected 0.4%).   The ISM headline is lowest since July of 2009.  Thus far the market has given back…