Tag Archives: leading indicators

Global Manufacturing PMI Deteriorates Further

The trading rules series will continue shortly, but I wanted to comment briefly on a recent economic report.  JP Morgan’s Global Manufacturing PMI contracted at a faster rate in August, decreasing from 48.4 to 48.1.  The August PMI value was … Continue reading

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Posted in Economic Indicators, Fundamental Analysis, Market Commentary, Market Timing | Tagged , , , | 1 Comment

Housing Starts Only Bright Spot This Week

Housing starts were the only bright spot in another dismal week of economic data in the U.S. The following post provides an overview of the major economic releases from this week as well as an update on market conditions, including … Continue reading

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Posted in Economic Indicators, Market Commentary, Market Timing, Uncategorized | Tagged , , , , , , , , , | Leave a comment

Market Diverges From Economic Data

Economic releases were mixed last week.  Building permits came in stronger than expected, but are still at anemic levels.  Leading indicators were up 0.3% last month, which was also stronger than expected. Unfortunately, the ECRI weekly leading indicator (WLI) declined … Continue reading

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Posted in Market Commentary, Market Timing, Summary Market Indicator Score | Tagged , , , , , , , , , | Leave a comment