Aug
02
Quicken Loans Capital Markets Update for August 3, 2009
The market will subsist looking at today’s July national ISM manufacturing index, which is expected to show a +2.2 increase an 11-month high. This index is based on surveying purchasing executives at roughly 300 industrial companies, and is highly indicative of the factory sector and market movements. The national ISM index is inching slowly higher toward to the expansion-contraction level of 50.
An improvement above 50 would spark renewed talk that the recession may soon be over. T