Investors betting against the American economy got a much-needed shot in the arm yesterday, with the release of the Institute for Supply Management’s manufacturing survey. To no one’s surprise, the survey acknowledged a weakening in the manufacturing sector — to its lowest level in eight months. It didn’t take long for the survey’s findings to impact on the market. By the end of yesterday’s session, the Dow had fallen 2.1 percent to end at 15,372.80. The Nasdaq was off 2.6 percent, closing at 3,996.96 — its first close below 4,000 since Dec. 12. And the S&P 500 finished down 40.70 points at 1,741.89. With all of that negativity, the question lying in front of investors is this: What’s next? Is this raft of sour information enough to keep you out of the market for the foreseeable future? Or, will you take the next couple of days to digest this information, and then combine your conclusions with the results of Friday’s jobs report? I guess we’ll all see for ourselves how Americans respond on Friday, after 2:00 p.m. Eastern, when Chair Janet Yellen shares the meeting’s minutes.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives. He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.
DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.