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AIRR

First Trust RBA American Industrial Renaissance ETF

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Summary

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance(R) Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Market Cap: 214 Million

Primary Exchange: NASDAQ Global Market

Website: http://www.ftportfolios.com

Shares Outstanding: 7.7 Million

Float: 7.7 Million

Dividend: 0.0823 (0.3%)

Beta: 1.365633

Sector:

Industry:

Short Interest (): 0

Ethical Flags

Longest drawdown: 611 trading days

From: 2014-04-02 To: 2016-09-02

Lowest Point:

ISM Nonmanufacturing Index Rises In November; Initial Claims Trending Higher

via: SeekingAlpha at 2018-12-07 03:07:37:000

By Robert Hughes Following Monday's report from the Institute for Supply Management suggesting that the manufacturing sector expanded at a faster pace in November, Thursday's report from the ISM suggests a similar pickup for the nonmanufacturing sector. The ISM's nonmanufacturing index r… read more...

ISM Nonmanufacturing Index Rises In November; Initial Claims Trending Higher

via: SeekingAlpha at 2018-12-07 03:07:37:000

ISM Nonmanufacturing Index Rises In November; Initial Claims Trending Higher

via: SeekingAlpha at 2018-12-07 03:07:37:000

ISM Nonmanufacturing Index Rises In November; Initial Claims Trending Higher

via: SeekingAlpha at 2018-12-07 03:07:37:000

ISM Non-Manufacturing: Continued Growth In November

via: SeekingAlpha at 2018-12-07 00:40:58:000

By Jill Mislinski The Institute of Supply Management (ISM) has now released the November Non-Manufacturing Purchasing Managers' Index ((PMI)), also known as the ISM Services PMI. The headline Composite Index is at 60.7 percent, up 0.4 from 60.3 last month. Today's number came in above the … read more...

ISM Non-Manufacturing: Continued Growth In November

via: SeekingAlpha at 2018-12-07 00:40:58:000

ISM Non-Manufacturing: Continued Growth In November

via: SeekingAlpha at 2018-12-07 00:40:58:000

ISM Non-Manufacturing: Continued Growth In November

via: SeekingAlpha at 2018-12-07 00:40:58:000

Services Sector Continues To Hum Along

via: SeekingAlpha at 2018-12-07 00:15:46:000

The ISM Non-Manufacturing report for the month of November showed that the services sector of the economy (the lion's share) continues to hum along. While economists were expecting the headline index to come in at a level of 59.0, the actual reading stayed above 60, hitting a level of 60.7. Wh… read more...

Services Sector Continues To Hum Along

via: SeekingAlpha at 2018-12-07 00:15:46:000

Services Sector Continues To Hum Along

via: SeekingAlpha at 2018-12-07 00:15:46:000

Services Sector Continues To Hum Along

via: SeekingAlpha at 2018-12-07 00:15:46:000

ISM Manufacturing Rebounds

via: SeekingAlpha at 2018-12-04 07:58:07:000

Today's release of the ISM Manufacturing report for November broke a string of back to back declines in the index and easily surpassed expectations. While economists were forecasting the headline index to come in at a level of 57.5, the actual reading came in at 59.3. Breadth in this month's… read more...

ISM Manufacturing Rebounds

via: SeekingAlpha at 2018-12-04 07:58:07:000

ISM Manufacturing Rebounds

via: SeekingAlpha at 2018-12-04 07:58:07:000

ISM Manufacturing PMI Rose In November With Most Components Suggesting Faster Expansion

via: SeekingAlpha at 2018-12-04 01:33:31:000

By Robert Hughes The Manufacturing Purchasing Managers Index from the Institute for Supply Management registered a 59.3 percent reading in November, up from 57.7 in October (see top chart). The index has been bouncing around in the 5761 range since August 2017, an unusually long … read more...

ISM Manufacturing PMI Rose In November With Most Components Suggesting Faster Expansion

via: SeekingAlpha at 2018-12-04 01:33:31:000

ISM Manufacturing PMI Rose In November With Most Components Suggesting Faster Expansion

via: SeekingAlpha at 2018-12-04 01:33:31:000

ISM Manufacturing Index: Continued Expansion In November

via: SeekingAlpha at 2018-12-03 12:50:34:000

By Jill Mislinski Today the Institute for Supply Management published its monthly Manufacturing Report for November. The latest headline Purchasing Managers' Index (PMI) was 59.3 percent, an increase of 1.6 percent from 57.7 the previous month. Today's headline number was below the Inves… read more...

Richmond Fed Manufacturing: Moderate Growth In November

via: SeekingAlpha at 2018-11-29 06:21:17:000

By Jill Mislinski On Wednesday, the Richmond Fed Manufacturing Composite Index decreased to 14 for the month of November, down from last month's 15. Investing.com had forecast 16. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the ide… read more...

Richmond Fed Manufacturing: Moderate Growth In November

via: SeekingAlpha at 2018-11-29 06:21:17:000

Richmond Fed Manufacturing: Moderate Growth In November

via: SeekingAlpha at 2018-11-29 06:21:17:000

November Dallas Fed Manufacturing Outlook: 'Expansion Continues To Moderate'

via: SeekingAlpha at 2018-11-27 16:23:08:000

By Jill Mislinski This morning, the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for November. The latest general business activity index came in at 17.6, down from 29.4 in October. All figures are seasonally adjusted. Here is an excerpt from the latest report : … read more...

November Dallas Fed Manufacturing Outlook: 'Expansion Continues To Moderate'

via: SeekingAlpha at 2018-11-27 16:23:08:000

BAML's early 2019 outlook

via: SeekingAlpha at 2018-11-23 08:35:24:000

In an earlier preview of 2019 strategy, Bank of America Merrill Lynch says the firm is Overweight the healthcare, technology, financial, industrials and utilities (from Underweight) sectors. More news on: SPDR S&P 500 Trust ETF, SPDR Dow Jones Industrial Average ETF, Vanguard S&P 5… read more...

BAML's early 2019 outlook

via: SeekingAlpha at 2018-11-23 08:35:24:000

BAML's early 2019 outlook

via: SeekingAlpha at 2018-11-23 08:35:24:000

BAML's early 2019 outlook

via: SeekingAlpha at 2018-11-23 08:35:24:000

Slowing Industrial Production Could Hurt Financial Markets

via: SeekingAlpha at 2018-11-23 03:34:31:000

Source: Arizona Daily Star U.S. industrial production for the month of October 2018 rose 0.1 percent versus September: Mining and utilities dragged on the US industrial sector, prompting it to expand at a slower than expected pace in October even as manufacturing chugged along. Indust… read more...

Slowing Industrial Production Could Hurt Financial Markets

via: SeekingAlpha at 2018-11-23 03:34:31:000

Slowing Industrial Production Could Hurt Financial Markets

via: SeekingAlpha at 2018-11-23 03:34:31:000

Slowing Industrial Production Could Hurt Financial Markets

via: SeekingAlpha at 2018-11-23 03:34:31:000

Turning Points For The Week Of November 12-16

via: SeekingAlpha at 2018-11-19 05:46:38:000

The purpose of the Turning Points newsletter is to look at the long-leading, leading, and coincidental indicators to see if the economic trajectory has changed from expansion to contraction - to see if it's reached a turning point. There were two key pieces of coincidental data release… read more...

Turning Points For The Week Of November 12-16

via: SeekingAlpha at 2018-11-19 05:46:38:000

Turning Points For The Week Of November 12-16

via: SeekingAlpha at 2018-11-19 05:46:38:000

Autonomous Electric Taxi Fleets Could Spark Electricity Demand

via: SeekingAlpha at 2018-11-18 11:24:25:000

By Sam Korus, Analyst, Industrial Innovation Autonomous electric taxis are commercializing faster than most analysts anticipated. Alphabet's (GOOG) (GOOGL) Waymo announced plans to launch its autonomous electric taxi fleets this year, and GM's (GM) Cruise Automation is set to launch in… read more...

Manufacturing Output Rose 0.3 Percent In October

via: SeekingAlpha at 2018-11-17 13:48:27:000

By Robert Hughes Industrial production increased 0.1 percent in October, following a 0.2 percent gain in September. Over the past year, industrial production is up 4.1 percent. Despite the increase, capacity utilization fell 0.1 percentage points to 78.4 percent as capacity posted a 0.2 pe… read more...

Kansas City Fed Survey: Activity Edged Higher In November

via: SeekingAlpha at 2018-11-17 04:35:47:000

By Jill Mislinski The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico. Quarterly data for this indicator dates back to 1995, but monthly … read more...

In A Booming Economy, You Borrow And Build

via: SeekingAlpha at 2018-11-16 04:18:18:000

We often forget the middle 2000s was not uniquely a housing bubble. It commanded our attention because that's what ended up affecting so many Americans personally; whether foreclosures or just the negative "wealth effect" of declining real estate values. This was also pretty easy to understand… read more...

Philly Fed Manufacturing Index: Growth Slowed In November

via: SeekingAlpha at 2018-11-16 02:17:39:000

By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a gen… read more...

Empire State Manufacturing Survey: Continued Growth In November

via: SeekingAlpha at 2018-11-16 02:11:00:000

By Jill Mislinski On Thursday morning, we got the latest Empire State Manufacturing Survey . The diffusion index for General Business Conditions at 23.3 was an increase of 2.2 from the previous month's 21.1. The Investing.com forecast was for a reading of 19.3. The Empire State Manufa… read more...

The Philly Fed ADS Business Conditions Index Update

via: SeekingAlpha at 2018-11-08 23:55:15:000

By Jill Mislinski Note: We've updated our periodic look at the Philly Fed ADS Index Thursday's release, which includes unemployment claims through November 3. The Philly Fed's Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relativel… read more...

The Philly Fed ADS Business Conditions Index Update

via: SeekingAlpha at 2018-11-08 23:55:15:000

The Philly Fed ADS Business Conditions Index Update

via: SeekingAlpha at 2018-11-08 23:55:15:000

The Philly Fed ADS Business Conditions Index Update

via: SeekingAlpha at 2018-11-08 23:55:15:000

The Philly Fed ADS Business Conditions Index Update

via: SeekingAlpha at 2018-11-08 23:55:15:000

The Day After Post Midterm Elections

via: SeekingAlpha at 2018-11-07 13:29:36:000

Equities Okay, folks, the results are in. Stock markets ( SPY , DIA , QQQ , IWM ) tend to go up from here quite a lot… Homebuilders I read a bullish note on homebuilders ( PKB , XHB , ITB , AIRR ) this morning, a sector that I'm not building on (pun intended) myself, to say t... read more...

The Day After Post Midterm Elections

via: SeekingAlpha at 2018-11-07 13:29:36:000

ISM Non-Manufacturing: Slower Growth In October

via: SeekingAlpha at 2018-11-06 05:13:35:000

By Jill Mislinski The Institute of Supply Management ((ISM)) has now released the October Non-Manufacturing Purchasing Managers' Index ((PMI)), also known as the ISM Services PMI. The headline Composite Index is at 60.3 percent, down 1.3 from 61.6 last month. Today's number came in above t… read more...

Services Sector Remains Strong

via: SeekingAlpha at 2018-11-06 00:46:24:000

The ISM Services report for the month of October declined less than expected, falling from 61.6 down to 60.3 compared to expectations for a reading of 59.0. Even though the pace of growth declined, though, it was the first time in the history of the report dating back to 1997 that the headline… read more...

In A Bubble Economy, Capital Goods Aren't Always A Good Thing

via: SeekingAlpha at 2018-11-03 03:34:59:000

By Frank Shostak The annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that after closing at $60.2 billion in December 2015, capital goods orders have been trending up. Most commentat… read more...

In A Bubble Economy, Capital Goods Aren't Always A Good Thing

via: SeekingAlpha at 2018-11-03 03:34:59:000

In A Bubble Economy, Capital Goods Aren't Always A Good Thing

via: SeekingAlpha at 2018-11-03 03:34:59:000

ISM Manufacturing PMI Fell In October But Suggests Continued Expansion

via: SeekingAlpha at 2018-11-02 01:53:46:000

By Robert Hughes The Manufacturing Purchasing Managers' Index from the Institute for Supply Management registered a 57.7 percent reading in October, down from 59.8 in September. Despite the pullback, the index remains well above neutral, a positive sign for the manufacturing sector. Octobe… read more...

U.S.: Signs Of Cracks?

via: SeekingAlpha at 2018-11-02 00:31:28:000

By James Knightley, Chief International Economist The US ISM manufacturing survey continues to suggest the economy is performing well, but there is perhaps a bit more evidence the US is starting to feel the negative effects of trade uncertainty, higher interest rates and the stronger d… read more...

ISM Manufacturing Index: Expansion In October

via: SeekingAlpha at 2018-11-01 23:59:12:000

By Jill Mislinski Today the Institute for Supply Management published its monthly Manufacturing Report for October. The latest headline Purchasing Managers Index ((PMI)) was 57.7 percent, a decrease of 2.1 percent from 59.8 the previous month. Today's headline number was below the In… read more...

Markit Manufacturing PMI: Strong Improvement In October

via: SeekingAlpha at 2018-11-01 23:53:06:000

By Jill Mislinski The October US Manufacturing Purchasing Managers' Index conducted by Markit came in at 55.7, up 0.1 from the 55.6 final September figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contractio… read more...

As Expected, Manufacturing Activity Slows

via: SeekingAlpha at 2018-11-01 23:43:39:000

It was pretty widely expected that the ISM Manufacturing report for the month of October was going to show a slower rate of growth, and that's exactly what we saw. While economists were forecasting the headline index to drop to 59.0 from last month's reading of 59.8, the actual reading was muc… read more...

Dallas Fed Manufacturing Outlook: Slowed Expansion In October

via: SeekingAlpha at 2018-10-30 00:55:29:000

By Jill Mislinski On Monday morning, the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for October. The latest general business activity index came in at 29.4, up from 28.1 in September. All figures are seasonally adjusted. Here is an excerpt from the latest report… read more...

Dallas Fed Manufacturing Outlook: Slowed Expansion In October

via: SeekingAlpha at 2018-10-30 00:55:29:000

Dallas Fed Manufacturing Outlook: Slowed Expansion In October

via: SeekingAlpha at 2018-10-30 00:55:29:000

Much To Like About The Economy

via: SeekingAlpha at 2018-10-29 23:44:43:000

Recent equity market volatility has raised the question about the health of the current economic expansion. I must confess it is difficult to find too much in the way of negative news. What is important about this is the fact that a recession does not seem to be around the corner in our view. … read more...

Much To Like About The Economy

via: SeekingAlpha at 2018-10-29 23:44:43:000

Much To Like About The Economy

via: SeekingAlpha at 2018-10-29 23:44:43:000

October Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-10-29 22:55:36:000

By Jill Mislinski Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a repre… read more...

October Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-10-29 22:55:36:000

October Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-10-29 22:55:36:000

The Fed Is Popping The Bubble It Created Over The Last Decade

via: SeekingAlpha at 2018-10-29 08:15:56:000

Photo (featuring Federal Reserve Chairman Jerome Powell): Getty Images Black October ? So it seems, just as history suggests . Since the beginning of the month, global stocks ( VTI , VEA , EFA ) are experiencing sharp declines , liquidity keeps evaporating (intensifying the roller… read more...

Fake Boom No Match For The Calendar

via: SeekingAlpha at 2018-10-26 05:52:05:000

The manufacturing renaissance at the base of this supposed US economic recovery is disappearing. It is unsurprising, quite predictable actually. First, there was the cleanup from last year's major storms and then frontrunning potential trade restrictions. Manufacturers domestically were gearin… read more...

Fake Boom No Match For The Calendar

via: SeekingAlpha at 2018-10-26 05:52:05:000

Fake Boom No Match For The Calendar

via: SeekingAlpha at 2018-10-26 05:52:05:000

Durable-Goods Orders Increase In September While Core Capital Goods Decline Slightly

via: SeekingAlpha at 2018-10-26 04:37:10:000

By Robert Hughes New orders for durable goods increased 0.8 percent in September, boosted by a 119.1 percent surge in defense aircraft. Over the past year, orders are up 6.5 percent, reaching the second-highest level on record. Since June 2016, new orders for durables excluding aircraft ha… read more...

Durable-Goods Orders Increase In September While Core Capital Goods Decline Slightly

via: SeekingAlpha at 2018-10-26 04:37:10:000

Durable-Goods Orders Increase In September While Core Capital Goods Decline Slightly

via: SeekingAlpha at 2018-10-26 04:37:10:000

Kansas City Fed Survey: Activity Continued At Slower Pace

via: SeekingAlpha at 2018-10-26 03:55:58:000

Kansas City Fed Survey: Activity Continued At Slower Pace

via: SeekingAlpha at 2018-10-26 03:55:58:000

Kansas City Fed Survey: Activity Continued At Slower Pace

via: SeekingAlpha at 2018-10-26 03:55:58:000

Homebuilders: Give Us A Rest Will You?

via: SeekingAlpha at 2018-10-25 14:23:24:000

Here We Go Again We already wrote about homebuilders and constructors ( PKB , XHB , ITB , AIRR ) twice this month: Homebuilders And Constructors Have Dug Themselves A Huge Hole Homebuilders And Construction: The Most Affected Segment By Rising Rates/Yields Nonetheless, the… read more...

Richmond Fed Manufacturing Falls

via: SeekingAlpha at 2018-10-24 01:58:46:000

The Richmond Fed released their manufacturing index for October Tuesday morning. The report indicated the region's manufacturing sector is still expanding but at a more modest pace. The composite index badly missed forecasts. A decline to 24 from 29 in September was expected, but the actual re… read more...

Richmond Fed Manufacturing: Moderate Expansion In October

via: SeekingAlpha at 2018-10-24 01:32:05:000

By Jill Mislinski On Tuesday, the Richmond Fed Manufacturing Composite Index decreased to 15 for the month of October, up from last month's 29. Investing.com had forecast 25. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identifi… read more...

Emerging Market Equities - Keeping Their Nerve?

via: SeekingAlpha at 2018-10-24 01:29:15:000

By Jake Moeller I recently visited a fund buyer conference in London that exclusively showcased a selection of emerging-markets ((EM)) equities funds. In the current environment I had expected the conference to be potentially a febrile affair, but I was struck by the pervasive sense of… read more...

Lumber Halves In Value - Weyerhaeuser Revisited

via: SeekingAlpha at 2018-10-22 06:15:00:000

In 1993, the price of lumber futures that attempt to trade on the Chicago Mercantile Exchange traded to an all-time high of $493.50 per 1,000 board feet. By 2009, the price fell to lows of $137.90 in the wake of the U.S. housing crisis which caused real estate prices to tank and new home build… read more...

Lumber Halves In Value - Weyerhaeuser Revisited

via: SeekingAlpha at 2018-10-22 06:15:00:000

Philly Fed Manufacturing Index: Continued Growth In October

via: SeekingAlpha at 2018-10-19 04:15:07:000

Philly Fed Manufacturing Index: Continued Growth In October

via: SeekingAlpha at 2018-10-19 04:15:07:000

Philly Fed Manufacturing Index: Continued Growth In October

via: SeekingAlpha at 2018-10-19 04:15:07:000

Just The One More Boom Month For IP

via: SeekingAlpha at 2018-10-19 03:05:42:000

The calendar last month hadn't yet run out on US Industrial Production as it had for US Retail Sales . The hurricane interruption of 2017 for industry, unlike consumer spending, extended into last September. Therefore, the base comparison for 2018 is against that artificial low. As such, US I… read more...

Just The One More Boom Month For IP

via: SeekingAlpha at 2018-10-19 03:05:42:000

Just The One More Boom Month For IP

via: SeekingAlpha at 2018-10-19 03:05:42:000

Philly Fed Slightly Better Than Expected

via: SeekingAlpha at 2018-10-19 02:45:06:000

Like its New York counterpart , the October read on manufacturing in the Philadelphia Fed region came in slightly better than expected. While economists were forecasting the headline General Conditions index to come in at a level of 20.0 versus last month's reading of 22.9, the actual reading… read more...

Philly Fed Slightly Better Than Expected

via: SeekingAlpha at 2018-10-19 02:45:06:000

Philly Fed Slightly Better Than Expected

via: SeekingAlpha at 2018-10-19 02:45:06:000

Robotics And Cheap Energy Are Making U.S. Manufacturing Great Again

via: SeekingAlpha at 2018-10-18 04:24:39:000

By FS Staff Many believe the U.S. cannot compete with China on a manufacturing basis. While the U.S. is unlikely to employ as many manufacturing workers as it did in the 1970s, it is much stronger - and competitive - than most assume. This time on FS Insider we spoke with Lauren Saidel-B… read more...

U.S. Industrial Output Trend Accelerated To 8 Year High

via: SeekingAlpha at 2018-10-18 04:05:16:000

Tuesday's update on industrial activity in the US for September delivered a new round of bullish news for the economic outlook. The report offers more support for expecting that the Federal Reserve remains on track to raise interest rates again at its December policy meeting. The year-over… read more...

Industrial Production Beats Estimates

via: SeekingAlpha at 2018-10-17 10:55:14:000

Industrial production growth in September was forecasted to fall to 0.2% from August's reading of 0.4% MoM. The release for September came in higher than expectations at +0.3%. On a 3m/3m annualized basis, September's data is still below where it has been for most of the year though. Mining … read more...

September Industrial Production: Beware YoY Hurricane-Affected Distortions

via: SeekingAlpha at 2018-10-16 15:46:37:000

Introduction This morning's industrial production report, like yesterday's real retail sales report, was distorted by YoY comparisons with the poor readings, and subsequent rebound, due to the troika of major hurricanes striking major metropolitan areas in 2017. YoY industrial production e… read more...

Empire Manufacturing Tops Expectations

via: SeekingAlpha at 2018-10-16 10:13:31:000

The Empire Manufacturing report put out by the New York Fed came in slightly stronger than expected in October, rising to a level of 21.1 from 19.0 and expectations for an increase to 20.0. The headline index for this report has now been positive for 24 straight months, which is the longest st… read more...

Empire State Manufacturing Survey: Activity Grew In October

via: SeekingAlpha at 2018-10-16 09:13:43:000

By Jill Mislinski This morning we got the latest Empire State Manufacturing Survey . The diffusion index for General Business Conditions at 21.1 was an increase of 2.1 from the previous month's 19.0. The Investing.com forecast was for a reading of 20.4. The Empire State Manufacturin… read more...

Services Sector On Fire

via: SeekingAlpha at 2018-10-04 06:51:17:000

Within the commentary section of the September ISM Non-Manufacturing report Wednesday, one of the respondents noted that "Every day is a bit better than the last." Looking at the details of this month's report, that person's comment may actually be an understatement. At the headline level, the… read more...

Services Sector On Fire

via: SeekingAlpha at 2018-10-04 06:51:17:000

Services Sector On Fire

via: SeekingAlpha at 2018-10-04 06:51:17:000

Interest Rates Are Rising Because The Economy Is Strengthening

via: SeekingAlpha at 2018-10-04 06:34:06:000

I have been predicting higher interest rates, a stronger economy, and healthy returns in equities for a long time. For years I've gone against conventional wisdom, which typically worries that rising interest rates will choke off growth. Conventional wisdom, however, ignores an important detai… read more...

Interest Rates Are Rising Because The Economy Is Strengthening

via: SeekingAlpha at 2018-10-04 06:34:06:000

Interest Rates Are Rising Because The Economy Is Strengthening

via: SeekingAlpha at 2018-10-04 06:34:06:000

Copper Hovers Around $2.80 - Trade Will Determine The Path Of The Red Metal

via: SeekingAlpha at 2018-10-04 06:00:00:000

Many commodities prices hit bottom in late 2015, and early 2016 as economic growth in China slowed. For decades, China has been the demand side of the market in the raw material asset class. Double-digit economic growth and the leading population in the world led China to be the destination fo… read more...

Copper Hovers Around $2.80 - Trade Will Determine The Path Of The Red Metal

via: SeekingAlpha at 2018-10-04 06:00:00:000

Copper Hovers Around $2.80 - Trade Will Determine The Path Of The Red Metal

via: SeekingAlpha at 2018-10-04 06:00:00:000

ISM Manufacturing Index Is Slowly Peaking

via: SeekingAlpha at 2018-10-02 11:01:17:000

Every month, I look at the ISM manufacturing index. I do this because this leading indicator tells us what we can expect in terms of future stock market performances as well as real economic growth like industrial production, new orders, and eventually, GDP growth. Extra : if you want mor… read more...

ISM Manufacturing Index Is Slowly Peaking

via: SeekingAlpha at 2018-10-02 11:01:17:000

Markit Manufacturing PMI: Ongoing Confidence In September

via: SeekingAlpha at 2018-10-02 05:58:58:000

By Jill Mislinski The September US Manufacturing Purchasing Managers' Index conducted by Markit came in at 55.6, up 0.9 from the 54.7 final August figure. Markit's Manufacturing PMI is a diffusion index: a reading above 50 indicates expansion in the sector, while below 50 indicates contrac… read more...

Markit Manufacturing PMI: Ongoing Confidence In September

via: SeekingAlpha at 2018-10-02 05:58:58:000

ISM Manufacturing Index: Continued Strength In September

via: SeekingAlpha at 2018-10-02 05:53:12:000

By Jill Mislinski On Monday, the Institute for Supply Management published its monthly Manufacturing Report for September. The latest headline Purchasing Managers Index (PMI) was 59.8 percent, a decrease of 1.5 percent from 61.3 the previous month. Monday's headline number was below the … read more...

ISM Manufacturing Index: Continued Strength In September

via: SeekingAlpha at 2018-10-02 05:53:12:000

ISM Manufacturing Drops More Than Expected

via: SeekingAlpha at 2018-10-02 04:10:41:000

After surging to a multi-year high in August, the ISM Manufacturing index pulled back slightly more than expected in September, falling from 61.3 down to 59.8 versus expectations for a drop to 60.0. As shown in the chart, though, activity is still at extremely robust levels. In terms of the … read more...

ISM Manufacturing Drops More Than Expected

via: SeekingAlpha at 2018-10-02 04:10:41:000

Weekly Wrap: Are Headwinds Mounting That Could Lead Investors To Question Growth Expectations?

via: SeekingAlpha at 2018-09-29 12:30:32:000

There are days where you feel like the world is just slapping you in the face. This week some of those dealing with a Senate hearing you have may vaguely heard about (ugh) are likely feeling that way as are, I suspect, Elon Musk fans and I still cannot even think about my wounded 49ers, but I … read more...

Weekly Wrap: Are Headwinds Mounting That Could Lead Investors To Question Growth Expectations?

via: SeekingAlpha at 2018-09-29 12:30:32:000

Weekly Wrap: Are Headwinds Mounting That Could Lead Investors To Question Growth Expectations?

via: SeekingAlpha at 2018-09-29 12:30:32:000

Durable-Goods Orders Jump In August

via: SeekingAlpha at 2018-09-28 06:54:18:000

By Robert Hughes New orders for durable goods jumped 4.5 percent in August, boosted by a 69.1 percent surge in nondefense aircraft and a 17.0 percent gain in defense aircraft. Because of the large per-unit price and the tendency for buyers to place orders for multiple aircraft at once, bot… read more...

September Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-09-28 03:11:32:000

No Fears From Florence

via: SeekingAlpha at 2018-09-26 23:28:48:000

With Hurricane Florence crashing into the North Carolina coast earlier this month and the subsequent flooding that followed, a natural question among investors is how would the hurricane impact the regional economy. North Carolina is part of the Richmond Fed district, so a quick way to assess … read more...

Dispatches From The Trade War

via: SeekingAlpha at 2018-09-26 05:42:46:000

By Investment Strategy Group Trade tensions have been an ongoing focus for investors. In the wake of recent jockeying over tariffs between the U.S. and China, we offer perspective. 2018 has been a year of unusual stress on global trade relationships, as sparring over tariffs, protectioni… read more...

Richmond Fed Manufacturing: Robust In September

via: SeekingAlpha at 2018-09-26 04:39:17:000

By Jill Mislinski On Tuesday, the Richmond Fed Manufacturing Composite Index increased to 29 for the month of September, up from last month's 24. Investing.com had forecast 22. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the iden… read more...

Manufacturing Surveys Remain Positive

via: SeekingAlpha at 2018-09-21 03:07:50:000

By Robert Hughes The Empire State Manufacturing Survey from the Federal Reserve Bank of New York and the Manufacturing Business Outlook Survey from the Federal Reserve Bank of Philadelphia both showed generally favorable results in September. While many of the individual indicators within … read more...

Manufacturing Surveys Remain Positive

via: SeekingAlpha at 2018-09-21 03:07:50:000

Manufacturing Surveys Remain Positive

via: SeekingAlpha at 2018-09-21 03:07:50:000

Manufacturing Surveys Remain Positive

via: SeekingAlpha at 2018-09-21 03:07:50:000

Manufacturing Surveys Remain Positive

via: SeekingAlpha at 2018-09-21 03:07:50:000

Philly Comeback

via: SeekingAlpha at 2018-09-21 01:40:11:000

With the headline index falling to a 21-month low in August, last month's Philly Fed was a bit of a disappointment. However, with an overall strong reading in the ISM in early September, the weak reading in Philly was considered more of a one-off anomaly than anything else. With this month's r… read more...

Philly Comeback

via: SeekingAlpha at 2018-09-21 01:40:11:000

Philly Comeback

via: SeekingAlpha at 2018-09-21 01:40:11:000

Philly Comeback

via: SeekingAlpha at 2018-09-21 01:40:11:000

Philly Comeback

via: SeekingAlpha at 2018-09-21 01:40:11:000

Empire State Manufacturing Survey: Activity Continues To Grow In September

via: SeekingAlpha at 2018-09-18 01:13:22:000

By Jill Mislinski On Monday morning, we got the latest Empire State Manufacturing Survey . The diffusion index for General Business Conditions at 19.0 was a decrease of 6.6 from the previous month's 25.6. The Investing.com forecast was for a reading of 23.2. The Empire State Manufactu… read more...

Empire State Manufacturing Survey: Activity Continues To Grow In September

via: SeekingAlpha at 2018-09-18 01:13:22:000

Empire State Manufacturing Survey: Activity Continues To Grow In September

via: SeekingAlpha at 2018-09-18 01:13:22:000

Empire Manufacturing Report Disappoints

via: SeekingAlpha at 2018-09-18 01:05:15:000

The latest read of the NY Fed Manufacturing report didn't give such a great preview of economic activity for the month of September. At the headline level, the General Business conditions index dropped from 25.6 down to 19.0 versus expectations for a decline to 23.0. Similar to the current con… read more...

Empire Manufacturing Report Disappoints

via: SeekingAlpha at 2018-09-18 01:05:15:000

Empire Manufacturing Report Disappoints

via: SeekingAlpha at 2018-09-18 01:05:15:000

Gauging Crisis Risks, 10 Years Post GFC

via: SeekingAlpha at 2018-09-18 00:42:42:000

Key Points We see a repeat of the global financial crisis as unlikely, yet new risks and some old ones deserve investors' attention. The prospect of fresh China-U.S. trade talks eased nerves in markets. Turkeys central bank raised rates, triggering a rally in the lira. This wee… read more...

Gauging Crisis Risks, 10 Years Post GFC

via: SeekingAlpha at 2018-09-18 00:42:42:000

Gauging Crisis Risks, 10 Years Post GFC

via: SeekingAlpha at 2018-09-18 00:42:42:000

Copper Is Waiting For News On Trade

via: SeekingAlpha at 2018-09-17 06:30:00:000

At just over the $2.60 per pound level, the price of copper is sitting at its lowest level since July 2017 and close to its recent low at $2.5520 per pound on the nearby COMEX futures contract. Copper is an essential building block for infrastructure. As China is the world's most populous na… read more...

Further Diverging Productions

via: SeekingAlpha at 2018-09-15 10:24:18:000

Industrial Production in the United States increased by 4.9% year over year in August 2018. That's the best for American industry in 92 months going all the way back to December 2010. Hurray for the boom. As with retail sales , August was in position for the best possible monthly comparison… read more...

Further Diverging Productions

via: SeekingAlpha at 2018-09-15 10:24:18:000

U.S. Industry: Room For Improvement

via: SeekingAlpha at 2018-09-15 07:20:49:000

By James Knightley, Chief International Economist US industrial production is robust, but it's important to remember manufacturing output remains 5% below pre-crisis levels. What the data means for Trump US industrial production rose 0.4% month-on-month in August, above the 0.3% ma… read more...

U.S. Industry: Room For Improvement

via: SeekingAlpha at 2018-09-15 07:20:49:000

Trio Of Reports Sends Mixed, But Mostly Positive, Signals

via: SeekingAlpha at 2018-09-15 06:12:53:000

By Robert Hughes The preliminary September results from the University of Michigan Surveys of Consumer Sentiment show overall consumer sentiment jumped 4.6 points to 100.8 versus the final August result of 96.2. That is just the third time since 2004 that the index has breached the 100 thr… read more...

Trio Of Reports Sends Mixed, But Mostly Positive, Signals

via: SeekingAlpha at 2018-09-15 06:12:53:000

First Trust declares quarterly distributions

via: SeekingAlpha at 2018-09-14 00:47:33:000

First Trust RBA American Industrial RenaissanceETF (NASDAQ: AIRR ) - $0.0201. First Trust Dorsey Wright DALI 1 ETF ( DALI ) - $0.0106. First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ: DDIV ) - $1383. First Trust S&P International Dividend Aristocrats ETF ( FID )… read more...

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

via: Business Wire at 2018-09-13 17:18:00:000

First Trust Advisors L.P. (FTA) announces the declaration of distributions for 117 exchange-traded funds (each a Fund, collectively, the Funds) advised by FTA. The following dates apply to todays distribution declarations: FTA i… read more...

August Producer Price Index: Core Final Demand Down 0.1% MoM

via: SeekingAlpha at 2018-09-13 01:13:39:000

By Jill Mislinski Wednesday's release of the August Producer Price Index ((PPI)) for Final Demand came in at -0.1% month over month seasonally adjusted, down from last month's 0.0%. It is at 2.8% year over year, down from 3.3% last month, on a non-seasonally adjusted basis. Core Final Dema… read more...

Being Wrong

via: SeekingAlpha at 2018-09-11 02:48:32:000

The brilliant Peter Bernstein (author, historian, and economist) once wrote: After 28 years at this post and 22 years before this in money management, I can sum up whatever wisdom I have accumulated this way: the trick is not to be the hottest stock-picker, the winning forecaster, or the de… read more...

Being Wrong

via: SeekingAlpha at 2018-09-11 02:48:32:000

Bullish Charts: Manufacturing And Corporate Profits

via: SeekingAlpha at 2018-09-07 03:19:03:000

The bullish case for the economy (and, by extension, the stock market) is getting stronger. Here are some charts using recent data releases that tell the story. Manufacturing activity has definitely picked up, and corporate profits are not only strong but rising, leaving equity valuations only… read more...

Bullish Charts: Manufacturing And Corporate Profits

via: SeekingAlpha at 2018-09-07 03:19:03:000

Bullish Charts: Manufacturing And Corporate Profits

via: SeekingAlpha at 2018-09-07 03:19:03:000

Bullish Charts: Manufacturing And Corporate Profits

via: SeekingAlpha at 2018-09-07 03:19:03:000

Manufacturers' New Orders

via: SeekingAlpha at 2018-09-07 03:15:01:000

The US Census reported new factory orders that were lower than expected for July with a 0.8% MoM decrease to $497.8 billion. Orders were estimated to fall 0.6% after the 0.7% increase in June. On a year-over-year basis, new orders are still up 8.3%. Breaking this down, durable goods saw a decl… read more...

Manufacturers' New Orders

via: SeekingAlpha at 2018-09-07 03:15:01:000

Manufacturers' New Orders

via: SeekingAlpha at 2018-09-07 03:15:01:000

Manufacturers' New Orders

via: SeekingAlpha at 2018-09-07 03:15:01:000

Markit Services PMI: Service Sector Activity Growth Eases

via: SeekingAlpha at 2018-09-07 02:49:46:000

By Jill Mislinski The August US Services Purchasing Managers' Index conducted by Markit came in at 54.8 percent, down 1.2 from the final July estimate of 56.0. The Investing.com consensus was for 55.2 percent. Markit's Services PMI is a diffusion index: a reading above 50 indicates expansi… read more...

Markit Services PMI: Service Sector Activity Growth Eases

via: SeekingAlpha at 2018-09-07 02:49:46:000

Markit Services PMI: Service Sector Activity Growth Eases

via: SeekingAlpha at 2018-09-07 02:49:46:000

Markit Services PMI: Service Sector Activity Growth Eases

via: SeekingAlpha at 2018-09-07 02:49:46:000

Strength In The Services Sector

via: SeekingAlpha at 2018-09-07 02:41:37:000

The release of the August ISM Non-Manufacturing report handily exceeded forecasts, coming in at a level of 58.5 versus consensus estimates for a reading of 56.8. The 1.7-point spread between the actual and reported number was also the biggest beat relative to expectations since the January rep… read more...

Strength In The Services Sector

via: SeekingAlpha at 2018-09-07 02:41:37:000

Strength In The Services Sector

via: SeekingAlpha at 2018-09-07 02:41:37:000

Strength In The Services Sector

via: SeekingAlpha at 2018-09-07 02:41:37:000

Top 5 Charts Of The Week: Synchronized Slowdown, Quantitative Tightening, Complacency

via: SeekingAlpha at 2018-09-06 03:19:22:000

In this video, we run through the free weekly email newsletter " The Top 5 Charts of the Week " and add a bit of extra comments and context. It's a useful tour across some of our latest work and thinking and just a great selection of global macro/market charts. This week: 1. The global man… read more...

Producers Are Hot*, But Consumers Maybe Not

via: SeekingAlpha at 2018-09-06 03:09:11:000

Introduction July data ended, and August data started, with very different signals about the economy. Vehicle sales and residential construction suggest consumer stagnation On the consumer side, motor vehicle sales for August came in at 16.69 million annualized. That is essentially equ… read more...

The ISM Manufacturing Index Crushed My Expectations And What It Means Going Forward

via: SeekingAlpha at 2018-09-05 11:26:38:000

ISM Manufacturing PMI Reaches 14-Year High

via: SeekingAlpha at 2018-09-05 07:11:28:000

By Robert Hughes The Manufacturing Purchasing Managers' Index (PMI) from the Institute for Supply Management registered a 61.3 reading in August, up from 58.1 in July. That is the 24th month in a row above the neutral 50 level and the highest reading since 2004 (see chart). For this inde… read more...

ISM Manufacturing Index: PMI Highest Since 2011

via: SeekingAlpha at 2018-09-05 02:32:55:000

By Jill Mislinski On Tuesday, the Institute for Supply Management published its monthly Manufacturing Report for August. The latest headline Purchasing Managers Index ((PMI)) was 61.3 percent, an increase of 3.2 percent from 58.1 the previous month. Tuesday's headline number was below th… read more...

ISM Manufacturing Blowout

via: SeekingAlpha at 2018-09-05 02:19:12:000

According to the most recent release of the ISM Manufacturing PMI report, August was not just a good month, it was great! While economists were expecting a modest downtick in the headline index, the actual reading saw a pretty sharp uptick, rising to 61.3, which was the highest reading since M… read more...

Revival Of Industrials

via: SeekingAlpha at 2018-08-31 22:49:28:000

Regardless of how you feel politically, the tough trade talks appear to be on the way to revitalize the industrial and manufacturing base here in the United States. In fact, the industrials as a group appear to be undervalued and may very well be fertile grounds for investment here in the Un… read more...

Revival Of Industrials

via: SeekingAlpha at 2018-08-31 22:49:28:000

Revival Of Industrials

via: SeekingAlpha at 2018-08-31 22:49:28:000

Revival Of Industrials

via: SeekingAlpha at 2018-08-31 22:49:28:000

August Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-08-30 03:05:04:000

August Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-08-30 03:05:04:000

5 Fed Manufacturing Index Softer In August

via: SeekingAlpha at 2018-08-29 02:53:58:000

Each month, we aggregate the 5 regional Fed manufacturing activity indices into one gauge that assesses activity around the country. The sample includes manufacturers in the NY, Philadelphia, Richmond, Kansas City, and Dallas Fed districts. As shown in the table below, there were a couple of i… read more...

Dallas Fed Manufacturing Outlook: Robust Expansion In July Continues In August

via: SeekingAlpha at 2018-08-28 06:20:20:000

By Jill Mislinski On Monday morning, the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for August. The latest general business activity index came in at 30.9, down from 32.3 in July. Other components of the survey showed improved growth. All figures are seasonally adj… read more...

The Auto Business Is Overall Business

via: SeekingAlpha at 2018-08-17 10:07:38:000

Automobiles have come a long way in two decades. The import craze of this latest bout of globalization was in the car business handed an open door by a lack of quality, or perceptions about a lack of quality. The domestic auto industry in the seventies and eighties really did not shine its bri… read more...

The Auto Business Is Overall Business

via: SeekingAlpha at 2018-08-17 10:07:38:000

The Auto Business Is Overall Business

via: SeekingAlpha at 2018-08-17 10:07:38:000

The Auto Business Is Overall Business

via: SeekingAlpha at 2018-08-17 10:07:38:000

The Auto Business Is Overall Business

via: SeekingAlpha at 2018-08-17 10:07:38:000

Philly Fed Manufacturing Index: Growth Slowed In August

via: SeekingAlpha at 2018-08-17 02:19:07:000

By Jill Mislinski The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, and covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a… read more...

Philly Fed Manufacturing Index: Growth Slowed In August

via: SeekingAlpha at 2018-08-17 02:19:07:000

Philly Fed Manufacturing Index: Growth Slowed In August

via: SeekingAlpha at 2018-08-17 02:19:07:000

Philly Fed Manufacturing Index: Growth Slowed In August

via: SeekingAlpha at 2018-08-17 02:19:07:000

Philly Fed Manufacturing Index: Growth Slowed In August

via: SeekingAlpha at 2018-08-17 02:19:07:000

Empire Manufacturing Rebounds

via: SeekingAlpha at 2018-08-16 09:57:17:000

Manufacturing activity in the New York region heated up right with the temperature in August as the Empire Manufacturing survey unexpectedly rose to 25.6 versus estimates for a reading of 20. As shown below, the tracker for General Business conditions hit its highest level since last October. … read more...

The Big 4 Economic Indicators: Industrial Production Up 0.1% In July

via: SeekingAlpha at 2018-08-16 03:20:46:000

By Jill Mislinski Note : This commentary has been updated to incorporate the July data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they ba… read more...

Empire State Manufacturing Survey: Activity Remains Robust In August

via: SeekingAlpha at 2018-08-15 12:02:22:000

By Jill Mislinski This morning we got the latest Empire State Manufacturing Survey . The diffusion index for General Business Conditions at 25.6 was an increase of 3.0 from the previous month's 22.6. The Investing.com forecast was for a reading of 20.3. The Empire State Manufacturin… read more...

Bullish BofA upgrades industrial and health care sectors

via: SeekingAlpha at 2018-08-15 10:32:58:000

Savita Subramanian and team expect this long-running bull market to broaden out, and upgrade the industrial (NYSEARCA: XLI ) and health care (NYSEARCA: XLV ) sectors to Overweight, noting strong Q2 results and cheap valuations. More news on: Industrial Select Sector SPDR ETF, Health Care S… read more...

Copper Continues To Sit Near Recent Lows

via: SeekingAlpha at 2018-08-10 06:45:00:000

Copper had a great run from January 2016 through early June 2018. The price of the red metal moved from lows of $1.9355 to highs of $3.3220 per pound on the active month COMEX futures contract. While the peak price came in December, the copper market came within 0.65 cents of that peak in earl… read more...

Copper Continues To Sit Near Recent Lows

via: SeekingAlpha at 2018-08-10 06:45:00:000

Copper Continues To Sit Near Recent Lows

via: SeekingAlpha at 2018-08-10 06:45:00:000

Copper Continues To Sit Near Recent Lows

via: SeekingAlpha at 2018-08-10 06:45:00:000

Copper Continues To Sit Near Recent Lows

via: SeekingAlpha at 2018-08-10 06:45:00:000

Lumber Tanks

via: SeekingAlpha at 2018-08-08 06:15:00:000

Trade issues with China, a stronger dollar, and rising interest rates have combined to create a potent bearish cocktail for many industrial raw material markets over recent weeks. Since early June, the price of copper, a leader when it comes to the commodities that are the building blocks of i… read more...

Lumber Tanks

via: SeekingAlpha at 2018-08-08 06:15:00:000

Comparing MN And WI Along 5 Variables

via: SeekingAlpha at 2018-08-04 04:20:22:000

Editor's note: This article was originally published on August 3, 2018, by Menzie Chinn here . In a recent paper , Ryan LeCloux and I use five macroeconomic measures to assess state economic performance ( post ). Here, I use updated data to evaluate Minnesota's economic performance vis &… read more...

Comparing MN And WI Along 5 Variables

via: SeekingAlpha at 2018-08-04 04:20:22:000

Comparing MN And WI Along 5 Variables

via: SeekingAlpha at 2018-08-04 04:20:22:000

Comparing MN And WI Along 5 Variables

via: SeekingAlpha at 2018-08-04 04:20:22:000

Economic Growth Outlook - Don't Panic Just Yet

via: SeekingAlpha at 2018-08-03 14:54:41:000

In this article, I am going to discuss my monthly economic outlook. I will do this by combining leading regional manufacturing surveys and the ISM manufacturing index. The results show the inevitable growth peak after the economic acceleration of 2016 and 2017. However, even though we can exp… read more...

ISM Manufacturing Survey Pulls Back In July But Remains Strongly Positive

via: SeekingAlpha at 2018-08-03 06:21:48:000

By Robert Hughes The Manufacturing Purchasing Managers Index from the Institute for Supply Management registered a 58.1 percent reading in July, down from 60.2 in June. Despite the pullback, the index remains well above neutral and is a positive sign for the manufacturing sector. … read more...

ISM Manufacturing Index: PMI Down In July

via: SeekingAlpha at 2018-08-03 01:20:14:000

By Jill Mislinski On Wednesday, the Institute for Supply Management published its monthly Manufacturing Report for July. The latest headline Purchasing Managers Index (PMI) was 58.1 percent, a decrease of 2.1 percent from 60.2 the previous month. Wednesday's headline number was below the… read more...

Markit Manufacturing PMI: Growth Dips In July

via: SeekingAlpha at 2018-08-03 01:09:31:000

By Jill Mislinski The July US Manufacturing Purchasing Managers' Index conducted by Markit came in at 55.3, down slightly from the 55.4 final June figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. … read more...

Another 'Strongest Since' Inflation Indicator

via: SeekingAlpha at 2018-08-02 10:53:09:000

When it comes to different inflation readings, many releases have been accompanied by the phrase "strongest since" or something similar sounding. In each month's ISM Manufacturing report, respondents are asked which commodities they have seen price increases for and which ones they have seen d… read more...

ISM Manufacturing Drifts Lower

via: SeekingAlpha at 2018-08-02 02:40:53:000

Activity in the Manufacturing sector was slightly weaker than expected in July but still remained at strong levels. According to ISM, the Manufacturing PMI index fell from 60.2 down to 58.1 compared to expectations for a reading of 59.4. Putting this level into perspective, the Manufacturing P… read more...

July Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-07-31 06:40:03:000

July Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-07-31 06:40:03:000

Dallas Fed Manufacturing Outlook: Robust Expansion In July

via: SeekingAlpha at 2018-07-31 06:32:44:000

By Jill Mislinski This morning the Dallas Fed released its Texas Manufacturing Outlook Survey ((TMOS)) for July. The latest general business activity index came in at 32.3, down from 36.5 in June. Other components of the survey showed improved growth. All figures are seasonally adjusted…. read more...

Dallas Fed Manufacturing Outlook: Robust Expansion In July

via: SeekingAlpha at 2018-07-31 06:32:44:000

Expansion, Record Or Not At All?

via: SeekingAlpha at 2018-07-27 02:41:55:000

We are closing in on a record for economic expansion. It's been talked about more frequently, especially since one has already been reached in the labor market. According to the BLS, there hasn't been a negative employment report since September 2010 (there was one in September last year, but … read more...

Expansion, Record Or Not At All?

via: SeekingAlpha at 2018-07-27 02:41:55:000

Expansion, Record Or Not At All?

via: SeekingAlpha at 2018-07-27 02:41:55:000

Expansion, Record Or Not At All?

via: SeekingAlpha at 2018-07-27 02:41:55:000

Headline Durable Goods Orders Up 1% In June

via: SeekingAlpha at 2018-07-27 02:22:12:000

By Jill Mislinski The Advance Report on Manufacturers' Shipments, Inventories, and Orders released on Thursday gives us a first look at the latest durable goods numbers. Here is the Bureau's summary on new orders: New orders for manufactured durable goods in June increased $2.5 billion … read more...

Headline Durable Goods Orders Up 1% In June

via: SeekingAlpha at 2018-07-27 02:22:12:000

Headline Durable Goods Orders Up 1% In June

via: SeekingAlpha at 2018-07-27 02:22:12:000

Headline Durable Goods Orders Up 1% In June

via: SeekingAlpha at 2018-07-27 02:22:12:000

These Economic Indicators Weakened First Prior To The Last 3 Recessions

via: SeekingAlpha at 2018-07-27 01:07:05:000

Due to my work with the BaR Analysis Grid , I've noticed that prior to recessions there tends to be a group of economic indicators that weakens first and signals a pending recession. This has prompted me to look at the last three recessions to see if this cohort consists of the same ind… read more...

These Economic Indicators Weakened First Prior To The Last 3 Recessions

via: SeekingAlpha at 2018-07-27 01:07:05:000

These Economic Indicators Weakened First Prior To The Last 3 Recessions

via: SeekingAlpha at 2018-07-27 01:07:05:000

These Economic Indicators Weakened First Prior To The Last 3 Recessions

via: SeekingAlpha at 2018-07-27 01:07:05:000

Despite Getting No Respect, U.S. Manufacturing Is Alive And Well With Record Output At Falling Prices

via: SeekingAlpha at 2018-07-24 05:47:21:000

The BEA's report last week on GDP by Industry showed that real manufacturing output (value added) in the US reached an all-time record high of more than $2 trillion (in 2009 dollars) in the first quarter of this year. See related CD post, " De-industrialization? Well, America's thriving manu… read more...

Despite Getting No Respect, U.S. Manufacturing Is Alive And Well With Record Output At Falling Prices

via: SeekingAlpha at 2018-07-24 05:47:21:000

Despite Getting No Respect, U.S. Manufacturing Is Alive And Well With Record Output At Falling Prices

via: SeekingAlpha at 2018-07-24 05:47:21:000

Philly Rebounds

via: SeekingAlpha at 2018-07-19 13:25:44:000

After just barely breaking an 18-month streak of readings above +20 last month, the Philadelphia Fed Manufacturing report rebounded more than expected in July, rising from 19.9 up to 25.7 compared to consensus forecasts for a reading of 21.5. With this month's reading, the Philly Fed reading o… read more...

Philly Rebounds

via: SeekingAlpha at 2018-07-19 13:25:44:000

Philly Rebounds

via: SeekingAlpha at 2018-07-19 13:25:44:000

Sentimental Inflationary Reflation

via: SeekingAlpha at 2018-07-18 04:10:14:000

Sentiment surveys such as the ISM's Manufacturing Purchasing Managers Index are not strictly about current levels of production. Even if they were, they still wouldn't be as straightforward as is presented. Rather, the ISM index, or any PMI for that matter, is an amalgam of variables ostensibl… read more...

Gains In Industrial Production Support A Positive Outlook

via: SeekingAlpha at 2018-07-18 03:42:26:000

By Robert Hughes Industrial production jumped 0.6 percent in June, rebounding from a 0.5 percent drop in May. Over the past year, industrial production is up 3.8 percent, continuing a modest upward trend in growth (see chart). The gain helped push capacity utilization up 0.3 percentage poi… read more...

Empire State Manufacturing Survey: Continued Growth In July At Brisk Pace

via: SeekingAlpha at 2018-07-16 10:04:39:000

By Jill Mislinski This morning, we got the latest Empire State Manufacturing Survey . The diffusion index for General Business Conditions at 22.6 was a decrease of 2.4 from the previous month's 25.0. The Investing.com forecast was for a reading of 22.0. The Empire State Manufacturing … read more...

Empire State Manufacturing Survey: Continued Growth In July At Brisk Pace

via: SeekingAlpha at 2018-07-16 10:04:39:000

Healthcare upgraded, industrials cut at RBC

via: SeekingAlpha at 2018-07-13 07:53:00:000

Large-cap healthcare (NYSEARCA: XLV ) is the place to be as a stronger dollar is a boon to revenue and it's likely to be less affected by trade worries, says RBC strategist Lori Calvasina, upgrading the sector to Overweight. More news on: Health Care Select Sect SPDR ETF, Industrial Select… read more...

Healthcare upgraded, industrials cut at RBC

via: SeekingAlpha at 2018-07-13 07:53:00:000

Healthcare upgraded, industrials cut at RBC

via: SeekingAlpha at 2018-07-13 07:53:00:000

Wisconsin, Tradables, And The Impending Trade War

via: SeekingAlpha at 2018-07-06 02:04:14:000

Editor's note: This article was originally published on July 5, 2018, by Menzie Chinn here . I was wondering how Wisconsin, a steel using (not producing), manufacturing and export dependent state was faring as tariffs and retaliation loomed. Figure 1: Coincident indices for Minneso… read more...

Wisconsin, Tradables, And The Impending Trade War

via: SeekingAlpha at 2018-07-06 02:04:14:000

Wisconsin, Tradables, And The Impending Trade War

via: SeekingAlpha at 2018-07-06 02:04:14:000

Wisconsin, Tradables, And The Impending Trade War

via: SeekingAlpha at 2018-07-06 02:04:14:000

Wisconsin, Tradables, And The Impending Trade War

via: SeekingAlpha at 2018-07-06 02:04:14:000

A Pretty Weak 'Stronger-Than-Expected' ISM Services Report

via: SeekingAlpha at 2018-07-06 01:33:15:000

Thursday's release of the ISM Services report for the month of June came in stronger than expected at the headline level, but the internals of the report were somewhat weak. While economists were expecting the headline number to come in at 58.3, the actual reading was 59.1, which was the highe… read more...

A Pretty Weak 'Stronger-Than-Expected' ISM Services Report

via: SeekingAlpha at 2018-07-06 01:33:15:000

A Pretty Weak 'Stronger-Than-Expected' ISM Services Report

via: SeekingAlpha at 2018-07-06 01:33:15:000

A Pretty Weak 'Stronger-Than-Expected' ISM Services Report

via: SeekingAlpha at 2018-07-06 01:33:15:000

A Pretty Weak 'Stronger-Than-Expected' ISM Services Report

via: SeekingAlpha at 2018-07-06 01:33:15:000

Markit Services PMI: Business Activity Growth Remains Sharp In June

via: SeekingAlpha at 2018-07-06 01:20:42:000

By Jill Mislinski The June US Services Purchasing Managers' Index conducted by Markit came in at 56.0 percent, down 0.8 from the final May estimate of 56.8. The Investing.com consensus was for 56.5 percent. Markit's Services PMI is a diffusion index: A reading above 50 indicates expansion … read more...

Markit Services PMI: Business Activity Growth Remains Sharp In June

via: SeekingAlpha at 2018-07-06 01:20:42:000

Markit Services PMI: Business Activity Growth Remains Sharp In June

via: SeekingAlpha at 2018-07-06 01:20:42:000

Markit Services PMI: Business Activity Growth Remains Sharp In June

via: SeekingAlpha at 2018-07-06 01:20:42:000

Markit Services PMI: Business Activity Growth Remains Sharp In June

via: SeekingAlpha at 2018-07-06 01:20:42:000

The ISM Manufacturing Index Easily Beat Expectations

via: SeekingAlpha at 2018-07-03 10:13:40:000

Every month, I write at least one article about the general trend of the US economy based on the latest ISM manufacturing numbers. This article covers the results for the month of June that came in higher than expected. In addition to another higher ISM number, we get a lot of comments from … read more...

The ISM Manufacturing Index Easily Beat Expectations

via: SeekingAlpha at 2018-07-03 10:13:40:000

The ISM Manufacturing Index Easily Beat Expectations

via: SeekingAlpha at 2018-07-03 10:13:40:000

ISM Manufacturing Index Surges Past Expectations

via: SeekingAlpha at 2018-07-02 23:39:34:000

Manufacturing activity in the US really saw a bounce in June as the ISM Manufacturing report surged back above 60 from last month's reading of 58.7. This month's reading of 60.2 was well ahead of consensus expectations and was tied for the second highest reading of the current expansion. What'… read more...

ISM Manufacturing Index Surges Past Expectations

via: SeekingAlpha at 2018-07-02 23:39:34:000

ISM Manufacturing Index Surges Past Expectations

via: SeekingAlpha at 2018-07-02 23:39:34:000

Markit Manufacturing PMI: Growth Remains Strong In June

via: SeekingAlpha at 2018-07-02 23:24:32:000

By Jill Mislinski The June US Manufacturing Purchasing Managers' Index conducted by Markit came in at 55.4, down from the 56.4 final May figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is… read more...

Markit Manufacturing PMI: Growth Remains Strong In June

via: SeekingAlpha at 2018-07-02 23:24:32:000

Markit Manufacturing PMI: Growth Remains Strong In June

via: SeekingAlpha at 2018-07-02 23:24:32:000

ISM Manufacturing Index: Expansion In June

via: SeekingAlpha at 2018-07-02 23:08:57:000

By Jill Mislinski Today the Institute for Supply Management published its monthly Manufacturing Report for June. The latest headline Purchasing Managers Index ((PMI)) was 60.2 percent, an increase of 1.5 percent from 58.7 the previous month. Today's headline number was above the Investin… read more...

ISM Manufacturing Index: Expansion In June

via: SeekingAlpha at 2018-07-02 23:08:57:000

ISM Manufacturing Index: Expansion In June

via: SeekingAlpha at 2018-07-02 23:08:57:000

Regional Manufacturing Surveys Indicate Strong Economic Growth And Rising Prices

via: SeekingAlpha at 2018-06-29 10:44:59:000

In this article, I will give you my monthly economic outlook based on leading regional manufacturing surveys. I look at five key regional bank surveys every month that tell us what we can expect in terms of economic growth. These regional banks are listed below. New York Philadelphia R… read more...

Regional Manufacturing Surveys Indicate Strong Economic Growth And Rising Prices

via: SeekingAlpha at 2018-06-29 10:44:59:000

Regional Manufacturing Surveys Indicate Strong Economic Growth And Rising Prices

via: SeekingAlpha at 2018-06-29 10:44:59:000

Regional Manufacturing Surveys Indicate Strong Economic Growth And Rising Prices

via: SeekingAlpha at 2018-06-29 10:44:59:000

Revisiting The Revised Revisions

via: SeekingAlpha at 2018-06-28 11:29:12:000

I missed durable goods last month for scheduling reasons, which was a shame, given that May is the month each year for benchmark revisions to the series. Since new estimates under the latest revisions were released today, it seems an appropriate time to revisit the topic of data bias, and why … read more...

Dallas Fed Manufacturing Outlook: Continued Expansion In June

via: SeekingAlpha at 2018-06-28 01:29:46:000

By Jill Mislinski Monday morning the Dallas Fed released its Texas Manufacturing Outlook Survey ((TMOS)) for June. The latest general business activity index came in at 36.5, up from 26.8 in May. All figures are seasonally adjusted. Here is an excerpt from the latest report : … read more...

IHS Markit U.S. PMI Survey Signals Weakening Manufacturing Trend

via: SeekingAlpha at 2018-06-27 06:29:08:000

An overall solid performance of the US economy in June masks a slowdown trend in manufacturing, with PMI survey respondents reporting weaker output and order book growth alongside rising prices and increasingly widespread supply delays. IHS Markit's PMI surveys indicated another month of rob… read more...

Biggest Miss In Philly Fed In Over 2 Years

via: SeekingAlpha at 2018-06-22 01:29:49:000

Thursday's Philadelphia Fed Manufacturing report was a disappointment for a number of reasons. For starters, the headline reading came in weaker than expected, at a level of 19.9 versus estimates for a reading of 29.0. Relative to expectations, that was the biggest miss since April 2016. The o… read more...

Biggest Miss In Philly Fed In Over 2 Years

via: SeekingAlpha at 2018-06-22 01:29:49:000

Biggest Miss In Philly Fed In Over 2 Years

via: SeekingAlpha at 2018-06-22 01:29:49:000

Biggest Miss In Philly Fed In Over 2 Years

via: SeekingAlpha at 2018-06-22 01:29:49:000

Biggest Miss In Philly Fed In Over 2 Years

via: SeekingAlpha at 2018-06-22 01:29:49:000

First Trust declares quarterly distributions

via: SeekingAlpha at 2018-06-21 10:40:10:000

First Trust RBA American Industrial RenaissanceETF (NASDAQ: AIRR ) - $0.0196. First Trust Dorsey Wright DALI 1 ETF ( DALI ) - $0.0180. First Trust Nasdaq Retail ETF (NASDAQ: FTXD ) - $0.0330. First Trust Nasdaq Food & Beverage ETF (NASDAQ: FTXG ) - $0.0461. First Trust Nasd… read more...

Manufacturers' Optimism At Record High Too

via: SeekingAlpha at 2018-06-21 02:31:29:000

Last week I noted the NFIB Small Business Optimism Index reached the second-highest level in its 45-year history . As a follow-on, the National Association of Manufacturers released their Second Quarter Outlook Survey yesterday and reported manufacturers' optimism registered 95.1%, the high… read more...

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

via: Business Wire at 2018-06-20 17:15:00:000

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 121 exchange-traded funds (each a Fund, and collectively, the Funds) advised by FTA. The following dates apply to today's distribution declarations: FTA is a federally reg… read more...

There Isn't Supposed To Be The 2 Directions Of IP

via: SeekingAlpha at 2018-06-16 11:11:29:000

US Industrial Production dipped in May 2018. It was the first monthly drop since January. Year over year, IP was up just 3.5% from May 2017, down from 3.6% in each of prior three months. The reason for the soft spot was that American industry is being pulled in different directions by the two … read more...

There Isn't Supposed To Be The 2 Directions Of IP

via: SeekingAlpha at 2018-06-16 11:11:29:000

There Isn't Supposed To Be The 2 Directions Of IP

via: SeekingAlpha at 2018-06-16 11:11:29:000

There Isn't Supposed To Be The 2 Directions Of IP

via: SeekingAlpha at 2018-06-16 11:11:29:000

Sweet 16 For Empire Manufacturing

via: SeekingAlpha at 2018-06-16 01:24:55:000

Today's Empire Manufacturing report for the month of June came in higher than expected with the headline General Business Conditions Index hitting its highest level since October. While economists were forecasting the headline number to come in at a level of 18.8, the actual reading came in at… read more...

Sweet 16 For Empire Manufacturing

via: SeekingAlpha at 2018-06-16 01:24:55:000

Sweet 16 For Empire Manufacturing

via: SeekingAlpha at 2018-06-16 01:24:55:000

Sweet 16 For Empire Manufacturing

via: SeekingAlpha at 2018-06-16 01:24:55:000

Is Copper All About Escondida?

via: SeekingAlpha at 2018-06-14 06:00:00:000

Last week, the price of copper exploded to the upside. On May 30 the red metal was trading at a low of $3.01 per pound on the nearby July COMEX futures contract which was close to the March 26 low and level of critical technical support at $2.9585 per pound. Meanwhile, over the next eight trad… read more...

Is Copper All About Escondida?

via: SeekingAlpha at 2018-06-14 06:00:00:000

ISM Non-Manufacturing: Continued Growth In May

via: SeekingAlpha at 2018-06-06 05:11:29:000

The Institute of Supply Management (ISM) has now released the May Non-Manufacturing Purchasing Managers' Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 58.6 percent, up 1.8 from 56.8 last month. Today's number came in below the Investing.com forecast of 5… read more...

ISM Non-Manufacturing: Continued Growth In May

via: SeekingAlpha at 2018-06-06 05:11:29:000

ISM Non-Manufacturing: Continued Growth In May

via: SeekingAlpha at 2018-06-06 05:11:29:000

ISM Non-Manufacturing: Continued Growth In May

via: SeekingAlpha at 2018-06-06 05:11:29:000

ISM Services Report Tops Expectations

via: SeekingAlpha at 2018-06-05 13:45:04:000

Similar to the ISM Manufacturing report, which bounced back from two straight months of m/m declines, the ISM Non-Manufacturing report also rebounded in May, erasing a three-month streak of losses. While economists were forecasting the headline index to come in at 57.7, the actual reading was … read more...

Corrective Pressures Weigh On The Dollar

via: SeekingAlpha at 2018-06-04 07:09:32:000

The US dollar is broadly lower as corrective forces that were becoming evident in the second half of last week have carried over into today's activity. The greenback is lower against all the major and most emerging market currencies. Global equities have begun the new week on firm footing, a… read more...

May Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-05-30 06:55:29:000

May Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-05-30 06:55:29:000

May Regional Fed Manufacturing Overview

via: SeekingAlpha at 2018-05-30 06:55:29:000

Dallas Fed Manufacturing Outlook: Overall Activity Rose In May

via: SeekingAlpha at 2018-05-30 04:21:18:000

By Jill Mislinski On Tuesday morning, the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for May. The latest general business activity index came in at 26.8, up from 21.8 in April. All figures are seasonally adjusted. Here is an excerpt from the latest report : … read more...

Dallas Fed Manufacturing Outlook: Overall Activity Rose In May

via: SeekingAlpha at 2018-05-30 04:21:18:000

Dallas Fed Manufacturing Outlook: Overall Activity Rose In May

via: SeekingAlpha at 2018-05-30 04:21:18:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit's manufacturing PMI survey indicated further robust output growth and strong hiring momentum during May, according to preliminary flash data, but also highlighted how record supply chain delays are driving inflationary pressures higher. PMI close to four-year high The flash IHS … read more...

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

IHS Markit U.S. Manufacturing PMI Survey Shows Price Pressures Building Amid Capacity Constraints

via: SeekingAlpha at 2018-05-24 08:42:50:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

By Jill Mislinski Today, the Richmond Fed Manufacturing Composite Index jumped to 16 for the month of April, up from last month's -3. Investing.com had forecast 9. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of t… read more...

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Richmond Fed Manufacturing: Robust Growth In May

via: SeekingAlpha at 2018-05-23 01:47:53:000

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000

Two months ago, I wrote an article about industrial production. Back then, I mentioned growth acceleration and a favorable trend in every major segment. This month I once again see strong growth. However, the risks of a growth peak are rapidly rising. Source: ANZBAI Why A Growth Peak I… read more...

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000

Industrial Production Growth - As Good As It Gets?

via: SeekingAlpha at 2018-05-21 13:46:17:000