Category Archives: Chicago PMI

Chicago PMI Drops From 6 Year Highs As New Orders Slow

By silveristhenew | Published November 30, 2017

After reaching its highest since March 2011 in October, Chicago Business Barometer dropped in November (but beat expectations) amid slowing New orders. Chicago PMI dropped from 66.2 to 63.9, better than the 63.0 expectations… Under the covers: Prices paid rose at a faster pace, signaling expansion New orders rose at a slower pace, signaling expansion […]

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US Futures Rebound After Disappointing Chinese, European Data

By silveristhenew | Published October 31, 2017

Yesterday’s sharp Chinese selloff is now a distant memory after the BTFDers emerged, and this morning U.S. equity futures are once again levitating as the FOMC begins its two-day policy meeting, following an uneventful BOJ announcement on Tuesday morning which left all QE parameters unchanged. Asian stocks traded mixed steady while European shares climb. The […]

Also posted in Apple, ASX 200, Bain, Bank of Japan, Belgium, BOE, Bond, Brief Cabinet, business, CAC 40, Case-Shiller, China, Chinese government, congress, Consumer Confidence, Copper, Core CPI, CPI, Crude, Dallas Fed, Economy, Euro, European Central Bank, European Union, EUROSTOXX 50, Eurozone, Federal Government, finance, financial markets, Fixed Income, flash, FTSE 100, Gambling, Germany, Gilts, Google, Hang Seng 40, House of Lords, ibex 35, inflation, Italy, Japan, Jim Reid, Kevin Brady, Kospi, Lords EU Committee, MIB 30, money, MSCI Asia Pacific, NASDAQ, Nasdaq 100, Nikkei, nikkei 225, Personal Income, Portugal, Precious Metals, Real estate, S$P, S&P 500, S&P/ASX 200, Spanish government, Stoxx 600, Twitter, U.S. Securities and Exchange Commission, UK government, US Dollar Index, West Texas, White House, yield, Yield Curve, Yuan | Tagged france, india, north korea, Unemployment | Comments Off

Chicago PMI Explodes Higher, Beats By 5 Standard Deviations

By silveristhenew | Published September 29, 2017

Everything is awesome again in Chicago apparently… Against expectations of a modest drop from 58.9 to 58.7, MNI's Chicago Business Barometer exploded higher to 65.2 in September… This is well above the highest analyst expectation and 5 standard deviations above expectations… Under the hood, it's also awesome… Prices paid rose at a faster pace, […]

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August Payrolls Preview: Prepare For Disappointment

By silveristhenew | Published August 31, 2017

If there is one common theme across sellside previews of tomorrow’s nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall Street parlance, “downside risks.” And it’s not because of Harvey which hit the US far too late in the month to […]

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July Payrolls Preview: Smooth Sailing But Watch Out For Cars

By silveristhenew | Published August 3, 2017

At 8:30am on Friday, the BLS is expected to announce that in July the US created 180K jobs, down from 222K in June though still in line with the 6-month average of 180K, with the biggest downside risk a slowdown in durable manufacturing payrolls as auto production slumped. Sellside expectations: UBS: 175K Barclays: 175K HSBC: […]

Also posted in BLS, business, Causes of unemployment in the United States, Conference Board, Continuing Claims, Dallas Fed, Economics, Economy, Full Employment, Initial Jobless Claims, Labor, Labour economics, Labour law, Markit, minimum wage, New York Fed, nonfarm payrolls, Philly Fed, RANSquawk, Recession, Richmond Fed, Unemployment in the United States, Unemployment Insurance, US central bank, US Federal Reserve | Tagged goldman sachs, Unemployment | Comments Off

Dow Set To Open Above 22,000 As Global Stocks Levitate Higher

By silveristhenew | Published August 1, 2017

Welcome to August: you may be surprised to learn that S&P 500 futures are once again levitating, higher by 0.3%, and tracking European and Asian markets. Asian equities traded higher across the board after China’s Caixin Manufacturing PMI beat expectations and printed its highest since March, refuting the decline in the official PMI data reported […]

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Stocks Rebound As Chicago PMI Changes Its Mind, “Corrects” Earlier Dismal Data To Highest Since 2014

By silveristhenew | Published May 31, 2017

What a total farce. After Market News International reproted a dismal 4-month low drop in Chicago PMI this morning which sparked a decent reality check drop in stocks, they decided to change their mind. 0945ET – U.S. MAY MNI CHICAGO REPORT BUSINESS INDEX AT 55.2; EST 57.0 – lowest since Jan 2017 1121ET – CORRECT: […]

Also posted in business, chicago, CHICAGO REPORT BUSINESS, Geography of Illinois, Geography of the United States, Illinois, Labor, Market News International, MNI, PMI, Reality | Comments Off

Markets Wrap: Stocks Flat In Quiet Session With US, UK And China Closed For Holiday

By silveristhenew | Published May 29, 2017

U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at 2,415, up 0.06%, a new all time high. European stocks opened marginally lower in quiet trading but have since […]

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Global Stocks Slide, S&P Futures Tumble Below 50DMA As “Trump Trade” Collapses

By silveristhenew | Published March 27, 2017

Global stocks are lower across the board to start the week, as concerns about Trump’s administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend’s OPEC meeting […]

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Chicago PMI Rebounds To 2-Year Highs After January Crash

By silveristhenew | Published February 28, 2017

After crashing to its lowest print in a year (in January), MNI’s Chicago PMI soared in February to 57.4 – well above the highest expectation – to the highest since Jan 2015. The median estimate of 35 economists was 53.5 – this surge to 57.4 is above the highest of those expectations with 6 of […]

Also posted in Economics, Economy, inflation, macroeconomics, Political Economy, Stagflation | Tagged Unemployment | Comments Off