ISM Manufacturing
The ISM Manufacturing Index is published monthly by the Institute for Supply Management.
A reading above 50 indicates expansion and a reading below 50 indicates contraction.
The report is published on the first business day of every month at 10AM ET.
Another Terrific Tuesday
Here's a link to listen to an Audio Version of the report:
If yesterday's blast of nearly 400 points felt familiar, give yourself a gold star because it turns out that three of the last four Tuesday’s have been accompanied by some impressive fireworks in the stock market. Looking back, on Tuesday March 11th, the Dow gained 417 points. The very next week, the Dow surged an eye-popping 420 points. And then after taking a week off, we got another 391 point move yesterday.
While we are not at all sure what's behind the propensity for the Dow to propel itself higher by some 400 points every seven days or so, it is fairly easy to understand why yesterday's move occurred. As has been the case for the better part of a year, stocks have rallied whenever traders felt that the worst of ...
