Stock Market Nerd Macro – January 27, 2024

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 – January 27, 2024

Output and Consumption Data:

  • The Manufacturing Purchasing Managers Index (PMI) for January was 50.3. This compares to 47.9 expected and 47.9 last month.
  • The Services PMI for January was 52.9. This compares to 51.0 expected and 51.4 last month.
  • Core Durable Goods Orders M/M for December rose by 0.6%. This compares to 0.2% growth expected and 0.5% growth last month.
  • Durable Goods Orders M/M for December rose by 0%. This compares to 1.1% growth expected and 5.5% growth last month.
  • Q4 GDP reading currently sits at 3.3% vs. 2.0% expected and 4.9% last quarter.

Employment Data:

  • Initial Jobless Claims were 214,000. This compares to 200,000 expected and 189,000 last report.

Inflation Data:

  • Personal Consumption Expenditures (PCE) Index Y/Y for December came in at 2.6%. This was as expected and vs. 2.6% last month.
  • Core (excludes food & energy) PCE Y/Y for December came in at 2.9%. This compares to 3.0% expected and 3.2% last month.
  • PCE M/M for December came in at 0.2% as expected. This compares to -0.1% last month.
  • Core PCE M/M came in at 0.2% as expected. This compares to 0.1% last month.
  • The GDP Price Index Q/Q for Q4 rose by 1.5%. This is better than the 2.3% growth expected and 3.3% growth last 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.

Related Posts
BBAE Blueprint

BBAE: Up to $400 First Deposit Bonus!

Tailored insights, powerful tools. Automatic bonus at signup.
Get Started with BBAE Now!