Coffee Chat with Chloe

The ISM Manufacturing PMI inched up to 47.2 in August 2024, from a low of 46.8 in November 2023, but fell short of market expectations of 47.5. This marks the 21st contraction in U.S. factory activity over the past 22 months, continuing the sluggish performance in the manufacturing sector. The report highlights the ongoing impact of the Federal Reserve's elevated interest rates on the industry. ..

DefinitionThe ISM Manufacturing PMI is a monthly indicator of U.S. economic activity derived from a survey of purchasing managers at over 300 manufacturing firms. Released on the first business day of each month at 10:00 a.m. EST, the ISM Manufacturing Report on Business provides crucial insights into the manufacturing sector.     Typically, a rising index suggests a bullish stock market due to ..

Thank you,  next?:  Possible explanations regarding the recent rise to the $63K level:US Election During the 2024 US presidential debate on June 27, Biden had moments of stammering and appeared lost. In contrast, Trump appeared confident and strong. Biden's camp later revealed that he had a cold during the debate, possibly using this as an excuse to explain his weak performance, which raised con..