logo
  Join        Login             Stock Quote

The Market Ticker - Another Shot

 November 15, 2012 02:22 PM


Another craptastic report....

Firms responding to the November Business Outlook Survey reported declines in business activity this month following the disruptive effects of Hurricane Sandy on the region. The survey's indicators for general activity, which had shown improvement in October, fell back into negative territory this month. Firms reported slight declines in shipments, employment, and hours worked. Indicators for the firms' expectations over the next six months were near their levels in the previous month, but expectations for future employment and capital spending have weakened in the last two months.

[Related -Chart Says This Retailer's Comeback Isn't Finished]

You have to love how they blame this on Sandy; I don't buy it.

The general activity index detonated along with both new orders and shipments, both of which were negative previously.  And employees and workweek, while not declining as fast as last month, are still in decline.

The major point here is that Sandy didn't drop either employment index; the premise that the storm was involved in this thus looks tenuous at best, as it does not appear to have had any sort of impact on the firms in this region on a direct basis.

Of course there may be some in terms of consumption of what these firms produce, but that should -- if true -- shortly return due to rebuilding.

[Related -ETF Performance Review: Major Asset Classes | 19 Dec 2014]

I don't think so -- I think last month was an anomaly and we're in for a series of additional negative prints, but we shall see.

Incidentally this report and more-importantly the series of reports from the regionals screams "Inbound Recession!"

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.