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Wouldn’t that be something?

February 20th, 2018

According to the most recent ISM® Report On Business® The Institute for Supply Management’s manufacturing report PMI® for January registered 59.1%: In the past this PMI® level has suggested a corresponding increase in real GDP of 4.9% on an annualized basis. The Federal Reserve Bank of Atlanta’s GDPNow™ is forecasting a 1st quarter growth rate of 5.4%: Holy Mo…..

Chart courtesy of Windsor Wealth., and The Bureau of Economic Analysis, The Conference Board and The Atlanta Federal Reserve Bank

 The Institute for Supply Management’s report on manufacturing has the sector for the 105th consecutive month – some selected comments below; emphasis mine.

The Conference Board economic indicators represent changes in the indices:

 No one knows if our economy will get past 3% much less reach 5% but Corporate investment levels and consumer spending levels haven’t been this high in years, I for one, am rooting for us all.

Wouldn’t it be something indeed?

Our portfolios favor Domestic and Foreign Equities, we’ve added commodities; our cash position has increased slightly in recent weeks.

Carlos Dominguez – Portfolio Manager, RJ

 

*The Atlanta Fed’s GDP Now – https://www.frbatlanta.org/cqer/research/

*https://www.instituteforsupplymanagement.org/about/MediaRoom/newsreleasedetail.cfm?ItemNumber=31024

 

Sources are being provided for information purposes only. Raymond James is not affiliated with and does not, authorize, or sponsor any of the listed sources. Raymond James is not responsible for the content of any source or the collection or use of information regarding any source’s users and/or members. Past performance may not be indicative of future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is considered representative of the U.S. stock Market. Inclusion of these indexes is for illustrative purposes only. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Any opinions are those of Carlos Dominguez and not necessarily those of Raymond James. This material is being provided for information purposes only and is not a complete description, nor recommendation. The information has been obtained from sources considered reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Investing involves risk and you may incur a profit or loss regardless of strategy selected. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct.profit or loss regardless of strategy selected. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct.

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