And banging their fists. Companies, sectors, data, you name it. They just dont seem to add up. And the confusion sell, sell, sell. Buy, buy, buy. Is playing havoc with both the bulls and the bears. Even on a seemingly dull day, where the dow rallied back from some deep, deep levels to close up 18 points. S p was basically flat. Nasdaq advanced 0. 27 . Lets start with the broader economy. We have so many indicators that seem to be pointing up or staying strong. Housing, employment, manufacturing, nonresidential construction, broader retail sales. But then today we get this morning, one of the weaker manufacturing reports ive seen in ages. Whats a 49. 4 pmi number. With anything below 50 meaning contraction. Heck, today, britain gave you 53 and they just went through that gutwrenching brexit election. How can manufacturing be that soft, has oil two years after its peak finally hit home . Data doesnt seem to indicate that. Some say autos are peaking, but doing so at a very high level. Thi
The bulls and the bears. Even on a seemingly dull day, where the dow rallied back from some deep, deep levels to close up 18 points. S p was basically flat. Nasdaq advanced 0. 27 . Lets start with the broader economy. We have so many indicators that seem to be pointing up or staying strong. Housing, employment, manufacturing, nonresidential construction, broader retail sales. But then today we get this manufacturing reports ive seen in ages. Whats a 49. 4 pmi number. With anything below 50 meaning contraction. Heck, today, britain gave you 53 and they just went through that gutwrenching brexit election. How can manufacturing be that soft, has oil two years after its peak finally hit home . Data doesnt seem to indicate that. Some say autos are peaking, but doing so at a very high level. This number is plain out of sync then theres oil itself. There are two oil markets. We have a true commodity market, which is governed by supply and demand. Trust me when i say supply is swamping demand.
The bulls and the bears. Even on a seemingly dull day, where the dow rallied back from some deep, deep levels to close up 18 points. S p was basically flat. Nasdaq advanced 0. 27 . Lets start with the broader economy. We have so many indicators that seem to be pointing up or staying strong. Housing, employment, manufacturing, nonresidential construction, broader retail sales. But then today we get this mornin manufacturing reports ive seen in ages. Whats a 49. 4 pmi number. With anything below 50 meaning contraction. Heck, today, britain gave you 53 and they just went through that gutwrenching brexit election. How can manufacturing be that soft, has oil two years after its peak finally hit home . Data doesnt seem to indicate that. Some say autos are peaking, but doing so at a very high level. This number is plain out of sync then theres oil itself. There are two oil markets. We have a true commodity market, which is governed by supply and demand. Trust me when i say supply is swamping