‘Broad-Based’ Manufacturing Contraction, but Some Bright Spots

ISM Manufacturing PMI hit a 9-month low this morning. The problem with the manufacturing numbers is that the contraction is so “broad-based,” argues Thomas Derry. “A positive way to look at it is, maybe it’s a trough.” Customer inventories are low, usually a positive sign for future growth, he notes, and any rate cuts by the Fed would boost activity. Thomas also discusses tariffs, saying we should see higher prices flow through to the consumer “any day” now.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Fler avsnitt av Schwab Network