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US Composite PMI Suggests the Economy is On the Verge of Recession

Mish Talk

Flash US Manufacturing Output Index at 47.2 Flash US Manufacturing PMI at 47.6 The PMI numbers are diffusion indexes. Lower output was seen across both manufacturing and service sectors amid increasingly steep downturns in demand. Key Findings Flash US PMI Composite Output Index at 46.3 October: 48.2). 3-month low.

Economy 290
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Wednesday links: the shelf life of a stock

Abnormal Returns

Banking The number of bank branches in the U.S. apolloacademy.com) China has a glut of traditional auto manufacturing plants. bloomberg.com) Economy The housing and manufacturing sectors are both range-bound. bloomberg.com) Economy The housing and manufacturing sectors are both range-bound. peaked in 2012.

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Craftsman Automation: A Strategic Analysis of India’s Manufacturing Pioneer

Trade Brains

Craftsman Automation : India is increasingly becoming a focal point for global manufacturing, drawing attention from boardrooms worldwide. Automotive Powertrain In Automotive Powertrain, Craftsman Automation is a top manufacturer of automotive powertrain parts. With a PE ratio of 29.1, compared to the industry’s 33.5,

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The Equity Beat: Old Economy Stocks Aging Like Fine Wine

Brown Advisory

The Equity Beat: Old Economy Stocks Aging Like Fine Wine mhannan Fri, 08/11/2023 - 17:10 Unlike my good friends who frequent Baltimore’s finest dining establishments about as often as the division-leading Orioles win (you know who you are), I would never be confused for a wine connoisseur. was only marginally better.

Economy 98
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Wednesday links: an awesome product

Abnormal Returns

amycastor.com) Companies It's hard to wrap your head around the numbers with Nvidia's ($NVDA) new chips. entertainmentstrategyguy.com) Global It's hard to put a positive spin on Brexit for the UK economy. bloomberg.com) Ukraine is trying to boost its own weapons manufacturing. spyglass.org) This is Apple's ($AAPL) brand promise.

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Sunday links: a liberating mindset

Abnormal Returns

(marginalrevolution.com) Global Home ownership is out of reach for an increasing number of Australians. nytimes.com) Economy The economic graph of 2023. bonddad.blogspot.com) The American manufacturing economy is bumping along. bbc.com) Belarus is complicit in the abduction of Ukrainian children.

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Another Strong Jobs Report? Phooey, and I Can Prove It

Mish Talk

Economy Added 263,000 Jobs in November" Both reports and mainstream in general miss the big picture captured in my lead chart. The number of working-age persons people not in the labor force rose by 359,000 in November and is back over 100 million. Manufacturing jobs are still strong, at least as reported. hour to 34.4