IB Net Payout Yields Model

Stat of the Day: ISM Manufactoring Level Suggests 6% GDP Growth

At least that's the number that First Trust quotes from the ISM. The ISM came in at a strong 60.4 which was barely above expectations, but its key to not get caught up in the expectations game sometimes and just absorb the numbers. A number above 60 represents exceptional growth and was last seen in 2004.

It wouldn't surprise us to see this number move on into the mid-60s before peaking out. Especially with new orders rising to 65.7 signaling strong growth ahead. Read the report from First Trust for all the details. The 6% GDP growth is something that the market clearly does not have factored into estimates. Not sure I've heard any other economists forecast such high numbers.


Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

Celsius: Unaltered Growth Story

Hims & Hers Health: Still Firing On Strong Cylinders