Wikimedia CommonsFamous Goldman Sachs Group Inc. (NYSE: GS) market analysts Abby Joseph Cohen has forecast that stocks could rise 10% to 15% in 2013. Given the market’s performance over the past three years, that…
ThinkstockOne way or another, the fiscal cliff, but not its impact, will be gone in just three weeks. The press will miss it when the cliff cannot be kicked around anymore. The reality of…
While many economic reports are mixed or running under any real growth measurements, we are seeing some positive data today from factory orders in October and from the ISM reading on nonmanufacturing activity in…
Today’s data from the Institute for Supply Management is showing that the November Manufacturing Report on Business was an utter disappointment. The ISM figure came in at 49.5%, which is under the 50.0% growth-contraction…
Friday’s reading from the Chicago Purchasing Managers managed to get back above the breakeven line into positive territory. The adjusted index rose to 50.4 in November, versus 49.9 in October. Bloomberg was calling for…
The National Association of Credit Management’s economic report for November 2012 has shown that it has regained the losses seen back in October. The reading jumped to 55.2 in November from 54.4 in October.…
Personal income and spending fell for the month of October, but this is yet another economic report that is marred from the impacts and uncertainty around Hurricane Sandy. Personal income was unchanged in October,…
The Federal Reserve Bank of Kansas City has now released its November Manufacturing Survey and it revealed that Tenth District manufacturing activity continued to fall in the month of November. Producers’ expectations were unchanged…
The Commerce Department is out with its first revision on third-quarter gross domestic product. GDP growth was initially said to be 2.0%, up from 1.3% in the second quarter. Final demand was what offered…
ThinkstockThe Commerce Department has reported that durable goods were effectively unchanged in the month of October at a seasonally adjusted $216.95 billion. Dow Jones had a consensus expectation of -1.2% and Bloomberg had an…
ThinkstockThe University of Michigan consumer sentiment reading for the end of November, a revised number from earlier in the month, came out at 82.7, versus a prior reading of 84.9. That prior reading seemed…
ThinkstockMarkit is out with its November Flash PMI reading, which came in at 52.4, up from 51.0 in October. Bloomberg had a consensus expectation of 51.0, and the range of estimates was 50.5 to…
courtesy of Wal-Mart Stores Inc.Retailing giant Wal-Mart Stores Inc. (NYSE: WMT) has filed an unfair labor practices complaint against a union that the company says has been illegally supporting worker rallies at the company’s…
ThinkstockToday’s report from the Fed on industrial production and capacity utilization for October is yet another report that is marred by the impact of the hurricane hitting at the end of the month. Let’s…
This morning already brought a mostly in-line report from the Empire Manufacturing district of New York. That was still negative from New York, and now we have another drop being reported from the Philadelphia…