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Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
US MANUFACTURING
Published: 11-04-2014Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, “how’s business?” They then create a diffusion index based on those responses: a scale from 0 to 100, where 0 is no one says business is improving and 100 is everyone says it’s getting better. So 50 means it’s evenly split. Historically, 60 has represented a high mark, 40 a low mark, although there have been occasions beyond this range.
The October index jumped to 59, and the new orders index rose to nearly 66. The strong reading translates to a real GDP growth rate of 5.2%. That may be a bit high, but here we have another datum that the US economy is picking up steam.
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Consider 10-16-2014
Consider:Volatility spiked to its highest level in over 2 years.Global equities are in negative territory this year, led ...
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Hot Bidding 07-27-2015
The housing recovery, from its worst downturn since at least the 1930s, has been steady, but much less robust than most ...
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