Wall Street Greek

Editor's Picks | Energy | Market Outlook | Gold | Real Estate | Stocks | Politics
Wall Street, Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Monday, October 05, 2015

Should we be Worried about the Deep Drop of Chicago PMI into Contraction Territory?

On Wednesday, the Institute for Supply Management (ISM) reported its Chicago PMI data and it was troubling. The index of regional manufacturing fell to a level indicative of economic contraction. It’s not the first time this year for an underwater result, though we note that the economy has grown generally despite softness in this data point. Still, the depth of decline in September raises a specter of doubt about the impact of the China slowdown, European issues and U.S. energy sector woes on our economy. Whatever the cause, there may be reason for concern about the American economy, though we may have to wait for another month or two of data to determine whether that is true or not. Even so, more data is due Thursday on the American and Chinese economies that could confirm concerns and alter the path of stocks from Wednesday’s appreciation to something else. See the report analyzing Chicago PMI here.

Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iPath S&P 500 VIX (NYSE: VXX), SPDR Gold Trust (NYSE: GLD), PowerShares DB US Dollar Bullish (NYSE: UUP). Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Digg Wallstreetgreek

Labels: , , , , , ,

free email financial newsletter Bookmark and Share

0 Comments:

Post a Comment

<< Home