On Monday the Institute for Supply Management said that the U.S. factory-sector booked its best performance in more than five years in January. Hiring continued to recover and the rate of month-to-month growth was driven by a red-hot pace of new orders that is now accelerating higher each month.
The ISM report points to . . . → Read More: Red Hot New Orders Rate Driving Manufacturing Uptick
Earlier, we looked at what the current “dead cat bounce” meant for the Dow Jones Industrial stock index, but with a strong late Friday rally, Nasdaq Index returns have been even more impressive.
Up nearly 75% since the March 10th trough, the tech laden index spiked up another 1.5% on Friday, to close up . . . → Read More: Nasdaq Now Up Nearly 75% From 2009 Low
For the first time in 10 months the Tenth Federal Reserve District is reporting factory production that is now net positive. The Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri.
The Kansas City Fed released its manufacturing report on Thursday and claimed that “manufacturing activity showed . . . → Read More: Kansas City Fed: Regional Factory Production Now Net Positive