Slow Delivery

Slow Delivery

  This week’s featured chart is the ISM Supplier Deliveries Index. It measures whether suppliers are taking longer or shorter to deliver materials to manufacturers. It’s an inverse index, meaning a reading above 50% indicates slower delivery times, and below 50%...
Defensive Strength

Defensive Strength

  For this week’s featured indicator, we show a chart of the relative performance of stocks versus bonds globally based on the relative strength line of the ACWI SHUT Index. SHUT is an acronym for Staples, Healthcare, Utilities, and Telecommunications. The ACWI...
Quiet Periods

Quiet Periods

OVERVIEW   The U.S. stock market snapped a two-week winning streak last week as the S&P 500 shed 1.7% on the week. The Dow Jones Industrial Average dropped 2.15%, and the Nasdaq Composite fell 1.6%, also snapping a two-week run of gains. The declines in value...