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One For New Orders, Several More Against

Oct. 03, 2021 1:20 PM ET1 Comment
Jeffrey Snider profile picture
Jeffrey Snider


  • The headline index jumped back above 60 in September 2021, after having been only slightly below the two months prior.
  • Continuing instead the same trend viewed elsewhere, Markit’s manufacturing PMI for the Eurozone dropped nearly three points in September to 58.7 from 61.4 during August.
  • The ISM many be an outlier in that respect, yet it’s not in one other key area: jobs.

Smart industry robot arms for digital factory production technology

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New orders, new orders, new orders. That’s the substance of the inventory cycle. A lot more of them, the upswing in it can remain intact keeping the global manufacturing economy humming along. Should they start to

This article was written by

Jeffrey Snider profile picture
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. Jeff joined Atlantic Capital Management, Inc., in Buffalo, NY, as an intern while completing studies at Canisius College. After graduating in 1996 with a Bachelor’s degree in Finance, Jeff took over the operations of that firm while adding to the portfolio management and stock research process. In 2000, Jeff moved to West Palm Beach to join Tom Nolan with Atlantic Capital Management of Florida, Inc. During the early part of the 2000′s he began to develop the research capability that ACM is known for. As part of the portfolio management team, Jeff was an integral part in growing ACM and building the comprehensive research/management services, and then turning that investment research into outstanding investment performance. As part of that research effort, Jeff authored and published numerous in-depth investment reports that ran contrary to established opinion. In the nearly year and a half run-up to the panic in 2008, Jeff analyzed and reported on the deteriorating state of the economy and markets. In early 2009, while conventional wisdom focused on near-perpetual gloom, his next series of reports provided insight into the formative ending process of the economic contraction and a comprehensive review of factors that were leading to the market’s resurrection. In 2012, after the merger between ACM and Alhambra Investment Partners, Jeff came on board Alhambra as Head of Global Investment Research. Currently, Jeff is published nationally at RealClearMarkets, ZeroHedge, Minyanville and Yahoo!Finance. Jeff holds a FINRA Series 65 Investment Advisor License.

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Comments (1)

thumbsoup profile picture
Really good, thanks
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