Stock Market Nerd – Macro – June 22, 2024

By Brad FreemanJune 25, 2024Posted 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 – June 22, 2024

Output data:

The New York Empire State Manufacturing Index for June was -6 vs. -12.5 expected and -15.6 last month.
Industrial Production M/M for May rose by 0.9% vs. 0.3% expected and 0% last month.
The Philly Fed Manufacturing Index for June was -2.5 vs. -7.9 last report.
The Manufacturing Purchasing Managers Index (PMI) for June was 51.7 vs. 51 expected and 51.3 last month.
The Services PMI for June was 55.1 vs. 53.4 expected and 54.8 last month.
The S&P Global Composite PMI for June was 54.6 vs. 53.5 expected and 54.5 last month.

Consumption and Employment data:

Core Retail Sales M/M for May grew by -0.1% vs. 0.2% growth expected and -0.1% growth last month.
Retail sales M/M for May grew by 0.1% vs. 0.3% expected and -0.2% growth last month.
Initial Jobless Claims were 238,000 vs. 235,000 expected and 243,000 last month.

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)

Don't miss the next article!

Sign up for the BBAE newsletter to get a front-row seat to the latest investment trends, expert analyses, and educational resources.