Bad ISM Numbers

[Zhong Lu + 845]

https://www.yahoo.com/finance/m/082b9cfa-880b-316f-a607-632e9941423b/u.s.-manufacturers-experience.html

 

What happened: Production, employment and inventories all declined in September. The index for new orders actually rose a tick to 47.3%, but it’s still at the weakest level in a decade.

Another bad sign: Only three of the 18 U.S. manufacturing industries tracked by ISM reported growth, down from nine in the prior month.

“Chinese tariffs going up are hurting our business. Most of the materials are not made in the U.S. and made only in China,” said an executive at a food and beverages manufacturer.

“Economy seems to be softening. The tariffs have caused much confusion in the industry,” said an executive at a company that makes electrical equipment.

A three-week strike at General Motors GM, -3.35%  likely contributed to the poor index reading, but it’s unclear how much. Comments from executives suggested the manufacturing industry’s weakness goes deeper.

Edited October 1, 2019 by Zhong Lu

[Guest]

You shoulda been shorting, not dozing   

[Zhong Lu + 845]

Nah.  This strat is working well.  My biggest problem is overtrading and I want more alpha.

Besides, napping is good for your health.  

Edited October 1, 2019 by Zhong Lu