Wednesday, December 4, 2013

ISM MISS

I'm guessing this is what all the hoopla is about...

at 10 a.m. ISM was released


More in a moment.

Released On 12/4/2013 10:00:00 AM For Nov, 2013
PriorConsensusConsensus RangeActual
Composite Index - Level55.4 55.5 53.0  to 57.0 53.9 

That's a pretty decent miss, I haven't seen the nuts and bolts yet, just the headline miss.

The market sure responded to it though. Hmm... Afternoon accumulation, a pop on ISM, if I didn't believe in free and fair markets I might think someone was leaking to flush the banks full of cash before the Volcker rule kicks in.

More in a moment

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