Afternoon Note
By Charles Payne, CEO & Principal Analyst
11/1/2023 1:02 PM
The market got a little bounce and bond yields eased a bit when Treasury announced its refunding auctions.
|
November Refunding |
Three Year |
10 Year |
30 Year |
|
Estimate |
$48 billion |
$41 billion |
$25 billion |
|
Actual |
$48 billion |
$40 billion |
$24 billion |
ISM Manufacturing 46.7; consensus 49.0
- new orders 45.5; consensus 49.8
- employment 46.8; prior 51.2
The Jolts Report was out this morning as well, coming in a fraction higher than expected. The report is losing a lot of influence.
The breakdown is not that flattering.
JOLTS
|
Positives |
September |
August |
|
Construction |
431,000 |
375,000 |
|
Manufacturing |
627,000 |
604,000 |
|
Finance |
479,000 |
410,000 |
JOLTS
|
Negatives |
September |
August |
|
Information |
160,000 |
201,000 |
|
Healthcare |
1,758,000 |
1,808,000 |
|
Leisure |
1,414,000 |
1,233,000 |
Technology is the best performing sector powered by Advanced Micro Devices (AMD) - which reported last night - and gains from NVIDIA (NVDA) and Microsoft (MSFT).
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