by Arnold Joe
Loading ...Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
Should North American investors be investing based on an economic environment that is recessionary or inflationary?
As mentioned previously, the US economy seems to be in a bull market as bad news (such as housing or employment stats) results in rising stock markets. If the market responds to bad news by pushing up the stock […]
Economic Recap:
US payroll numbers for April showed a decline of 20,000 jobs. To my surprise, the markets rallied on the bad news as expectations were for a loss of 80,000 jobs. The details behind the headlines were much worse as 344,000 full time jobs were lost, to be replaced with 306,000 part time jobs. To […]
Economics Recap:
The US manufacturing index for April was 48.6 same as the previous month. Readings less than 50 means the sector is shrinking, while readings greater than 50 mean the sector is expanding. This is the 3rd reading in a row where the manufacturing sector has shrunk. As mentioned many times before, this isn’t at […]
Recap:
Dow was up 1, TSX up 16. Merrill Lynch wrote down another $6.5 billion and posted its 3rd straight loss, 3000 jobs to be cut. On a positive note, Google’s profit rose 30%.
Economics:
Canada’s inflation for March was up 0.4% on a m/m basis and up only 1.4% on a yearly basis; this represents a 14 […]
Recap:
The TSX was up 55 and the Dow Jones was down 23 after another big bank (Wachovia) reported a quarterly loss and cut its dividend. It’ll be interesting to see how many more write-offs are coming and how many banks report lower earnings or even losses. I expect there will be many more.
Economics:
Retail sales in […]
