U.S. AUGUST ISM FACTORY GAUGE RISES TO 56 FROM 54.2; EST. 54.8, NEW ORDERS UP TO 67.6 FROM 61.5

Without wishing to sound like a broken record, Tuesday saw yet another impressive beat in the ISM Manufacturing PMI with the headline number printing 56. Moreover, the New Orders component this month increased to 67.6, and was well ahead of the median estimate of 58.8. Both of these data indicate a sustained improvement in the US economy.

Expansion in this pro-cyclical leading indicator is considered positive for risk assets, such as equities.

I have explained in our recent Trading Club meetings how continued momentum in this indicator would add to our conviction in the positive score presented by our Business Cycle Checklist.

If you would like to learn more about this and the many other indicators that Lex and I follow as professional investors, check out our Million Dollar Traders online course and join me for my weekly updates at the Trading Club.

Disclaimer: For educational purposes only. Even though we do our best to provide reliable data, you should not trade based on this information. For more information go to www.milliondollartraders.com

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