A Macro View: ISM Reports for January.
February 4th, 2010
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The positive portent of the first day of the trading year did not hold through for the DOW as the index dropped nearly 3.5 percentage points in January. Let us just assume that Mark Hulbert is correct that it means little. Returning to one of my favorite subjects, Fox Business provides a good analysis of the January 2010 Manufacturing ISM Report On Business® at the article entitled Manufacturing Posted Another Strong Month in January. Let me quote some of the more important positive portions.
The Institute for Supply Management said Monday that its closely watched PMI rose to 58.4 from 54.9 in December, hitting its highest point since the 58.5 touched in August 2004.
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