Recent regional manufacturing data has been notably weak with the Philly Fed Survey posting -12.9, KC Fed posting +5, Richmond Fed posting -17, Empire State posting 7.4, and then today’s Dallas Fed survey at -13. It all paints a picture of weakening trend growth. The consensus reading is now pointing to a ISM reading below 50 (via @Not_Jim_Cramer):
(click for larger image)
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.
Comments are closed.