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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.


...If the dots don't connect, gather more dots until they do...


U.S. Government Shutdown Now In Effect


* Wed. Jan. 31 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Feb. 2 @ 8:30 am ET ~ Employment Data
* Mon. Feb. 19 ~ U.S. markets closed for Presidents Day Holiday
* Wed. Feb. 21 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 7 @ 2:00 pm ET ~ Beige Book Report
* Tues. March 20 ~ 2-day FOMC Meeting Begins
* Wed. March 21 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Thursday, March 01, 2012

Manufacturing PMI Down...Manufacturing Prices Up...Construction Spending Down

Data released today shows that:

  1. manufacturing PMI (the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories) has declined
  2. manufacturing prices (the relative level of prices paid for goods and services) has increased
  3. construction spending (the total amount that builders spent on construction projects) declined sharply
as shown on the three graphs below.

This latest data shows a contraction in manufacturing and construction spending while under the influence of higher manufacturing prices. As related to the personal income/spending/price of goods and services scenario that I described in my last post, this does not provide the proper support necessary for healthy and sustainable economic growth.