ISM Manufacturing Index
There are further signs of a slowing economy in 2019. The Institute for Supply Management (ISM) Manufacturing Index, while still above 50%, has continued its downward trend, which began in late 2018.
Despite some signs of slowing, the U.S. economy continues to create jobs. Last month the U.S. Bureau of Labor Statistics announced 263,000 new jobs, confirming the strength in the labor market. The unemployment rate ticked down to 3.6 in April.
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 firstname.lastname@example.org, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.