Doug Short Advisor Perspectives

[unable to retrieve full-text content] The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 199 and details U.S. exports and imports of goods and services. Today's headline number of -80.93B was worse than the -80.50B Investing.com forecast.

[unable to retrieve full-text content] Here's the latest on the largest cryptocurrencies by market share.

[unable to retrieve full-text content] Here is the latest update of a popular market valuation method using the most recent Standard & Poor's "as reported" earnings and earnings estimates and the index monthly average of daily closes for the past month.

[unable to retrieve full-text content] The Institute of Supply Management (ISM) has now released the October Services Purchasing Managers' Index (PMI). The headline Composite Index is at percent 66.7, up 4.8 from 61.9 last month and a record high. Today's number came in above the Investing.com forecast of 62.0 percent.

[unable to retrieve full-text content] The October US Services Purchasing Managers' Index conducted by Markit came in at 58.7 percent, up 3.8 from the final September estimate of 54.9.

[unable to retrieve full-text content] This morning we have the ADP October estimate of 571K nonfarm private employment jobs gained, an increase over the ADP revised September figure of 523K.

[unable to retrieve full-text content] Quick take: At the end of October the inflation-adjusted S&P 500 index price was 178% above its long-term trend, down from 179% above the previous month. About the only certainty in the stock market is that, over the long haul, over performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.

[unable to retrieve full-text content] This morning's late release of the publicly available data from ECRI puts the WLI at 156.5, up 1.7 from the previous week's figure. The WLIg is at 4.7, up from last week and the WLI YoY is at 10.94%, also up from last week.

[unable to retrieve full-text content] The October Final came in at 71.7, down 1.1 (1.5%) from the September Final. Investing.com had forecast 71.4. Since its beginning in 1978, consumer sentiment is 16.7 percent below the average reading (arithmetic mean) and 15.7 percent below the geometric mean.

[unable to retrieve full-text content] The latest Chicago Purchasing Manager's Index, or the Chicago Business Barometer, rose to 68.4 in October from 64.7 in September, which is still in expansion territory. Values above 50.0 indicate expanding manufacturing activity.