Savvy Trades and Investments

[littlejohn]

ISM Manufacturing PMI contracting for 16 months

in a row after being down again

in February data...

Data at 18 minutes into video...

https://stocktwits.com/TheSharting/message/564049669

ISM data seems more in line than

S & P Global data on constant basis...

Durable Goods Orders had a nice uptick

one month late in 2023, likely as items sold

off during holiday season,

which transitioned to February blip up

in manufacturing data...

January data across the boards contracted

from retail sales to...Durable Goods Orders

which were down in January, 2024,,,

which typically takes a few months to come

into manufacturing data from plants...

March or April likely to see the manufacturing

go back into lower mode...

Employment numbers are totally skewed by

Gov't using Seasonality , like in January when

the economy was drooping hard, and the

numbers are hard to swallow...

We do know good paying jobs have been

dropping with layoffs at many big names

for over a year now...

Guy in video does mention the continuing

claims numbers stuck in hold mode,,,

Durable Goods Orders, even skewed now

by questionable defense spending, are

still a key item too watch for future,

ex defense orders now is probably best...

Three months of declining Durable Goods

Orders does signal contraction mode...

Nothing about the roaring tech stock prices

now hint that there is broad reason to believe

that the stresses on commercial property

loan values are improving...Underlying drop

in materials cost to maintain property don't

improve those valuations either...

Circle takes everyone back to watching banks...

Happy bankers loan money easier...

So we watch...LJ