FLASH - ISM down (big)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2007-04-04 10:01
by Karl Denninger
FLASH - ISM down (big)
 
Employment down, ISM down to 52.4 from 54.3, expectation was for 56.

This is a huge miss.

Factory orders up February 1%, consensus expected up 2% - again, a big miss.

This is three consecutive months of bad ISM reports and this has very high correlation with a recession in the coming six months.

Also, this is the second month in a row that large businesses shed jobs; the justification is that "large firms are under more global competition."

This is not good news....

Factory orders ex-transportation were also down net month-over-month.

So we now have the yield curve inverted, a slowdown in industrial production and orders, and loss of jobs among big companies.

Hmmmm.... I wonder what's in the offing on all that news?
Discuss this entry (registration required to post)
 
Share
Main Navigation
Full-Text Search & Archives
Archive Access
Get Adobe Flash player





Blogtalk 3:30 CT Mondays
Items To Look At


Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2012) - The annual 2012 Ticker

Links and Blogroll
Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.
Seeking Alpha Certified
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.