I know that central banks are the only thing that matters to the markets any more, but for the broader economy the month of April is looking pretty tepid on the manufacturing front. In case you haven’t been keeping track, here’s a rundown of the April regional manufacturing reports:
- Philly Fed: 1.3 (barely growing)
- Chicago PMI: 49 (contracting)
- Dallas Fed: -15.6 (contracting)
- KC Fed: -5 (contracting)
- Richmond Fed: -6 (contracting)
- Empire State Fed Survey: 3.05 (barely growing)
Something worth keeping an eye on….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.