The ISM reports showed mixed signals this time as the PMI (manufacturing) missed the consensus mark by 0.3% at 49.8%, and the NMI (non-manufacturing) beat the consensus by 0.6% at 52.6%. Although muted as usual, the Dow's initial reactions were in the same direction as the consensus miss and later, the consensus beat. Read more about 15 Stocks For Bulls And 15 For Bears, Based On ISM
The recent jobs reports was so well-received by the economy and the markets that it overshadowed the good news contained in the ISM reports. My latest article on the ISM reports was lukewarm at best, but this month has more silver linings.
The MacroView has discussed the Institute for Supply Management (ISM) reports and explored the relationships between the reports and the general health of the economy over the last two years. After first exploring the December reports, this post will explore a new area of research along with some stock suggestions related with the ISM research. Read more about A Macro View: ISM Good Along with Lovers and Haters Picks
The ISM reports showed mixed signals this time as the PMI (manufacturing) missed the consensus mark by 0.3% at 49.8%, and the NMI (non-manufacturing) beat the consensus by 0.6% at 52.6%. Although muted as usual, the Dow's initial reactions were in the same direction as the consensus miss and later, the consensus beat.