Tuesday's Economic Reports: Key Market Movers

Today at 10:00am there are four important economic indicators due for release. The ISM Manufacturing index will most likely be in focus following similar reports from China and Europe, and more importantly its current estimate of 50.5 indicates the first growth since 1/31/08. Looking at previous market reactions we would note that in the six times Pending Home Sales were reported better than expected the S&P rallied each time, while a better than expected ISM number does not always result in a gain.

Comments

[rick12345:]

Ah, this market makes me laugh. Manufacturing comes in at better than expected and the market crashes by 195 points. Looks like the boys on Wall street are trying to insight some kind of panic selling to cover their short position. Keep a calm head, don't sell , sit back and watch the market advance. The permabears will do anything to see a correction; It aint gonna happen kids.

Sep 01 11:41 AM