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In January, economic activity in the US manufacturing sector expanded for the first time in more than two years.
The Institute for Supply Management's manufacturing PMI registered a reading of 50.9 in January, up from December's reading of 49.3. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. The manufacturing sector had been in contraction for more than two years.
This could be a bullish development for stocks, Fundstrat head o...
>>> Read more: Manufacturing rebound flashes bullish signal for stocks
The Institute for Supply Management's manufacturing PMI registered a reading of 50.9 in January, up from December's reading of 49.3. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. The manufacturing sector had been in contraction for more than two years.
This could be a bullish development for stocks, Fundstrat head o...
>>> Read more: Manufacturing rebound flashes bullish signal for stocks
