Posted on 12/16/2016 2:33:40 AM PST by expat_panama
Two regional manufacturing gauges jumped in December, data showed Thursday, reflecting increased "animal spirits" for business and investors following President-elect Donald Trump's victory. Meanwhile, home builder sentiment skyrocketed to a boom-era levels despite rising mortgage rates. Consumer inflation jumped to a two-year high in November while weekly jobless claims fell.
Factory Activity, Sentiment Boom
The Philadelphia Federal Reserve manufacturing index popped to a two-year high of 21.5 vs. 7.6 in November. The New York Fed's Empire State manufacturing index rose by 7.5 points to 9, the strongest since April.
Looking ahead, the Philly Fed's outlook gauge nearly doubled to 52.6 from 29.3, hitting the highest since January 2015. The Empire State's future gauge was the best in nearly five years.
Higher corporate sentiment could spur more hiring and investment, the latter of which has been poor throughout the current economic expansion.
Separately, Markit's flash December reading for U.S. manufacturing nudged higher to a 21-month high. See what stocks are at or near buy points with a 2-week free trial to Leaderboard!
However, many industrial companies are struggling. Nucor (NUE) warned on Q4 profit Thursday morning, initially hitting other steel makers such as U.S. Steel (X) and Steel Dynamics (STLD) on the stock market today. But Nucor pared losses while U.S. Steel turned flat and Steel Dynamics closed higher. Steel stocks have been big postelection winners on hopes for tax cuts, infrastructure spending — and protectionism under a Trump administration.
United Technologies (UTX) issued a cautious 2017 outlook late Wednesday, with shares down 1% on Thursday, after undercutting a recent buy point in the prior session.
But machinery firm Nordson (NDSN) climbed 3.2% on Thursday after soaring to a record intraday high...
...Housing Market Index shot up by 7 points to 70, the highest since 2005...
(Excerpt) Read more at investors.com ...
ALPA MALE vs metro-sexual......
Animal spirits? The new 1st dog, Patton the Goldendoodle, is now an advisor? Who knew? :)
350-188 is the real map without voter fraud
Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence.
My map shows 348-189, JFYI. Very close to your estimate and basically assumes a shift of 3%, the typical margin for fraud activity.
The map needed to show Maine 3-1 Trump
——However, many industrial companies are struggling.——
The yankees are following the Obama course, putting out fake numbers to make him look good and create a legacy.
I visit factories and always ask.....” how’s business” . At present it is flat. They have orders but are not covered up
Are you a Keynesian? :-)
“animal spirits”
A key element in the survival of the animal kingdom is its ‘animal spirit’ whereby there is competition and the survival of the fittest.
The human species has the additional ingredients of evil and the compassion.
Survival of our society requires a degree of ‘animal spirit’. It’s been proven over millions of years.
My prediction was 352-180 but I still got 44 of 50 right.
Pray America woke
But “Trump’s Trade Tirades Won’t Benefit Consumers, Workers”. So which is it, IBD?
Tip: Go long HOV (Hovnanian Homes)
HOV did very well w/ me about 10 years ago when the entire high-end housing niche was doing great, this time the upward swing (imho) hasn’t yet shown that much staying power.
Give me a week or two tho...
It would still be wonderful to see the map that blue (using the traditional colors for the GOP). What would it take to flip Oregon?
And when everything is going great the people will vote in a kind and gentle democrat to make it even better...
ugh
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