Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Manufacturing Renaissance Continues

By Charles Payne, CEO & Principal Analyst
9/15/2017 1:16 PM
Take a Free Trial
Try Charles' premium stock selection services free for 7 days. Check it out in real time! You will get actionable advice, trading ideas and email alerts.

National economic data released today comes with asterisks because of Hurricane Irma, although there are yellow flags with respect to some of the reports for the downward revisions.  That said, the most important release of the day is the Empire State Federal Reserve report on manufacturing.  Momentum is holding up after hitting a three year high in August.

Several key components have gotten stronger:

Employment 10.6 from 6.2

United States NY Empire State Manufacturing Index

Even with the robust numbers on regional manufacturing, I must admit I’m surprised at the resolve in today’s session. 

Have a great weekend..


 

Add Your Comment


Submitted comments are subject to moderation before posting.


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