Wall Street Strategies
Hello! Sign in or Register

Market Commentary

It’s all coming up!

By Charles Payne, CEO & Principal Analyst
9/5/2019 12:47 PM

It’s a strong session as the market has reacted positively to three separate data points all suggesting the demise of the nation’s economy might be a tad premature.  This all coming after news on US – China trade created the perfect backdrop for pent-up buyers to become more aggressive.

ISM Non-Manufacturing

The read on the service economy came in better than expected powered by business activity and new orders helping the market extend its gains the only yellow flag is employment.

Percentage Point Moves

ISM Non-Manufacturing Index

United States ISM Non Manufacturing PMI

Remarkable action in retailers that had for the most part been left for dead.

The American consumer might actually be on the verge of getting stronger as evidence by unit labor cost trends.

Time for Banks

The best performing sector today is the S&P Financials buoyed by rebound in 10-year yield on strong economic data.  Moreover, FDIC just reported second quarter bank data from 5,303 institutions.




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.