Charles Payne's Market Commentary

Market Commentary

Investors Flock to Safe Havens

By Charles Payne, CEO & Principal Analyst
10/2/2017 12:53 PM

Explosive momentum in construction continues, and even picks up the pace, as the September ISM headline of 60.8 was well above the 58.0 anticipated by Wall Street.

That headline is the best since May 2003.

New orders +4.3 to 64.6, a four-year high
Employment +0.4 to 60.3, highest in six and half years

Despite the strong numbers, major equity indices are mixed with the S&P struggling to maintain its rally and techs are dragging the NASDAQ composite lower. The Dow Jones is something of a safe haven, and its holding strong and hinting of a stronger move into the close.

Comments

"Faster than a speeding bullet. More powerful than a locomotive. Able to leap tall buildings in a single bound ... It's Superman! NO! It's the DOW 30!

Tom Holcomb on 10/2/2017 2:20:15 PM

if i knew exactly where u reside i'd know what fire department to call...cuz dude u r on fire. THanks for the uptick in my P&L

robb rogers on 10/2/2017 6:11:05 PM

Tech is the place to be. Both here and China. In China companies like Alibaba, Tenncent, JD, and Ctrip to name a few are going to continue growing tremendously.

DOUGLAS ROTH on 10/2/2017 8:50:26 PM

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