ISM Manufacturing PMI
The most recent ISM Manufacturing Index increased 2.3% from December 2018, indicating expanding business strength fostered by stronger demand and output. The monthly survey of individual businesses also pointed to easing business conditions and a contraction in prices paid.
Inflation remains within the Federal Reserve’s target range. For the 12 months ended 1/31/2019, the Consumer Price Index was up 1.6%. The overall inflation rate has been reduced by the recent decline in the price of crude oil and the strong dollar; however, there is concern that increased tariffs could push up prices of metals, autos, and other imports.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. Forté Capital’s Proprietary Market Risk Barometer is a summary of 30 indicators and is copyrighted by Forté Capital LLC. For further information, visit www.fortecapital.com, send a message to [email protected], or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.