An Expansion in the Economy?
Russell E. Towne | October 3, 2023
AUTHOR: TOWNE WEALTH MANAGEMENT.NET/BLOG 10/3/2023: Towne Wealth Management BLOG:
An Expansion in the Economy?
The Manufacturing Sector appears to be bottoming says The Institute for Supply Management (ISM), pointing to their Purchasing Managers’ Index which showed an eleventh month of contraction, reports Breitbart 10/2/2023. On the other hand, and, more importantly, the ISM index moved to 49, a hair below ‘the above the 50 threshold level’ which usually signals an expansion in the economy.
Yet.... this is the third consecutive month of improvement,
and the market still has not responded…
substantially to such facts.
But this is October…Boo?
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.