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More on the Chicago PMI miss: The report looks to have been released early to a few as stocks...

More on the Chicago PMI miss: The report looks to have been released early to a few as stocks started moving lower and the euro shooting higher just moments ahead of the official time. Production slipped to 49.9 from 51.8. New Orders 53.2 vs. 53. Backlogs 40.6 vs. 45. Employment 48.7 from 55.1. Supplier Deliveries 47.9 vs. 58. Prices paid 51 vs. 61. S&P 500 (SPY -0.3%). Bonds add to gains, (TLT +0.5%). (full report)
Comments (10)
  • In today's markets bad news is good news. Don't even know why they report it anymore . It would be easier on everyone if they just announced where the indices will be at end of each month; like the Japanese do
    30 Apr 2013, 10:05 AM Reply Like
  • If the United States doesn't show that it has the power to enforce fair markets free from insider trading it will quickly lose legitimacy as a state and place to do business. I am appalled that so few in that country have the intelligence to investigate and correct such blatant weakness. If the govt fails to enforce fair markets then it is obsolete and should be replaced with one that can.
    30 Apr 2013, 10:19 AM Reply Like
  • The Chicago PMI is released to subscribers 3 minutes earlier at 9:42.
    30 Apr 2013, 10:28 AM Reply Like
  • It's the "Chicago Way". BTW, for Mattster I would be more concerned with the price discovery mechanism being destroyed by the Fed in both the bond and equity markets. Capitalism and capital markets are based on price discovery. How do investors make decisions in this environment? Intelligent one.s, that is. Impossible and the result is markets trading up into down trending economies, etc
    30 Apr 2013, 10:36 AM Reply Like
  • This on the heels of the Dallas Fed's bad numbers.
    30 Apr 2013, 11:38 AM Reply Like
  • The Philadelphia Fed index slipped to 1.3 from 2.0 in March.
    The Empire State index dropped to 3.1 from 9.2 in March.
    The Richmond Fed index fell to -6 from +3 in March.
    The Dallas Fed index fell to -15.6 from +7.4 in March.
    The Kansas City Fed index stayed at -5

     

    Markets like those numbers
    30 Apr 2013, 02:30 PM Reply Like
  • Yes, markets like those numbers because this assures ongoing Federal Reserve intervention (QE). The irony of government intrusion into a previously free(er) market system is their inability to manage anything well. So, once again we have 'good intentions' being trumped by the reality of short-sighted, therefore poor, implementation. Now the market welcomes poor economic data for the assurance that Fed support will continue. The glaring fact that Trillions in squandered taxpayer funds have failed to deliver the promised results seems to be lost on the voting public. I guess the quip of the day is "What does it matter?".
    30 Apr 2013, 03:48 PM Reply Like
  • Largest waste of trillions in history
    30 Apr 2013, 04:18 PM Reply Like
  • It is pretty funny the market is up with junk data from everywhere, simply because the Fed will keep printing. Giving consideration to what they did and what they will do, today's Fed is just a tool to drive markets higher instead of macro economy.
    30 Apr 2013, 05:13 PM Reply Like
  • Wealth effect, man, wealth effect. Chill out and buy a new car - with an 80 month loan, of course.
    30 Apr 2013, 06:31 PM Reply Like
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