Category Archives: Chicago PMI
Chicago PMI Drops From 6 Year Highs As New Orders Slow
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 […]
Chicago PMI Explodes Higher, Beats By 5 Standard Deviations
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, […]
July Payrolls Preview: Smooth Sailing But Watch Out For Cars
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: […]
Dow Set To Open Above 22,000 As Global Stocks Levitate Higher
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 […]
Stocks Rebound As Chicago PMI Changes Its Mind, “Corrects” Earlier Dismal Data To Highest Since 2014
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: […]
Markets Wrap: Stocks Flat In Quiet Session With US, UK And China Closed For Holiday
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 […]
Chicago PMI Rebounds To 2-Year Highs After January Crash
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 […]