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Today' s Action

[Steven1]

The ISM PMI's came out today.  The ISM service (non-manufacturing) PMI blew away expectations at 56. The MARKIT PM was more subdued at 51 earlier. That’s a huge difference 51.4

The ISM PMI’s would likely be heavily weighted from the Financial Sector. Maybe another tacit way to influence the markets.

This may explain why US markets are rallying

[Eric1212]

Hi Steven1, are you today ? Something i think we shound'nt forget today is that ISM & MARKIT data are polls... Services PMI (JunServices PMI (Jun) Today is a small day of "real" data, we seems to only have the trade balance... Tomorow and friday are really charged for data providing ...

[Eric1212]

Sorry, some pasting that goes wrong in my last post, to be able to read it right and because i can't find how to delete it, there is it : " Hi Steven1, are you today ?   Something i think we shound'nt forget today is that ISM & MARKIT data are polls... Today is a small day of "real" data, we seems to only have the trade balance...   Tomorow

[Steven1]

No worries Eric…   Here is what I look. https://www.investing.com/economic-calendar/   I actually look at the PMI’s quite closely. It’s an early indicator for the month even before the NFP. The Markit flash for June comes out in late June.   Also this morning, MBA reports on mortgages was positive too. It doesn’t have the same weight as the ISM reports. But it’s an early indicator

[Eric1212]

I'm getting all ma data from the same website... Somewhat :P   https://ca.investing.com/economic-calendar/

[Steven1]

Another day where the US equity markets escapes the woes of the world.   The SP futures are up by 0.35%.  Most index futures globally are down by 1%. Gold and silver are still up by a lot for the day. Yen is up. Bonds are up. USD index is down   It’s very typical of the markets since April.  The SP is one or two days from ATH. Most global  indexes are one or two years away

[Eric1212]

I can't say how much i agree with you, i have high expectation of reality check tomorow & friday (There is a lots of this kind of data next week also...)... I'm currently owning 1700 HVU and i bought 750 HVU this morning @ 10.90...