Wall Street Strategies
Login:  
Password:
  remember me
Sign Up | Lost Password
Several Trains Pulling Out of the Station

1/20/2017
By Charles Payne, CEO & Principal Analyst

There are more signs that the U.S. economy is ready to take off like a rocket, which comes from the Philadelphia Federal Reserve Manufacturing Report. This saw all facets of the report rising sharply higher month - to - month with general activity clocking in at its highest level since November 2014:

  • General Activity -26.0 from 14.9
  • New Orders - 23.6 from 19.7
  • Employees - 12.8 from 3.6

While there is a renewed focus/angst with respect to inflation, I think it’s a good thing that manufacturers were able to raise prices received to keep pace with prices paid.

  • Prices Paid -  $31.5 from $28.1
  • Prices Received -26.8 from 8.0

Looking Ahead

The Six-Month read on general activity climbed to 56.6 from 48.7 in December.  Highlights:

  • 67%  Expect increases in activity
  • 43%  Expect increases in employment (as it was just 15% in December)

Consequently, for the first quarter, 62.5% of polled firms planned to increase production in the first quarter, and many will achieve this by hiring additional workers.

Charles Payne
Wall Street Strategies


 

Add a Comment!

Name:
Email:
Comment:
 
 
Submitted comments are subject to moderation before posting.
Charles Payne is featured on the Fox Business Network Monday-Friday at 6 PM ET on "Making Money with Charles Payne".

Charles Payne

FREE commentary in your Inbox! Click here
No credit card is needed.

The WStreet Market Commentary delivers the daily unbiased insight and guidance of Charles Payne and the Wall Street Strategies Research Desk.

The daily commentary takes a common sense look at the big picture, gives you advice on sector rotation and trends and helps you determine how news may affect your portfolio. We forecast what the future drivers of the market will be by interpreting the fundamental, technical, and behavioral aspects of the market.

From time to time, the commentary includes free stock picks and trading strategies to help you make money and maintain financial and mental balance in the stock market. The commentary is delivered twice a day, in the morning and afternoon, keeping you informed at pivotal times and frequently includes analysis of the major indices and actionable analysis of individual issues.

Take control of your future starting today. Simply click here to create your account.

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Updated Privacy Policy | Terms of Use |
All Rights Reserved.