Stock Market Nerd Macro – December 8, 2023

By Brad FreemanDecember 12, 2023Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Stock Market Nerd Macro – December 8, 2023

Output and Consumption

The S&P Global Composite Purchasing Managers Index (PMI) for November was 50.7 as expected and stable last month.
Services PMI was 50.8 as expected and vs. 50.6 last month.
Institute of Supply Management (ISM) Non-Manufacturing PMI for November was 52.7 vs. 52 expected and 51.8 last month.
Atlanta Fed GDP Now estimates for Q4 sit at 1.3%.

Employment

JOLTs Job Openings for October were 8.73 million vs. 9.3 million expected and 9.35 million in the previous month.
ADP Nonfarm Employment Change for October was 103,000 vs. 130,000 expected and 106,000 last month.

Inflation

ISM Non-Manufacturing Prices for November came in at 58.3 vs. 58 expected and 58.6 last month.
Unit Labor Costs for Q3 fell 1.2% vs. -0.9% expected and 2.6% in the previous quarter.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

Read more about Brad Freeman (StockMarketNerd)

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