Chicago PMI – Worse than the Cubs

You may have been too busy enjoying your stock market gains to notice (and that’s understandable), but September was an absolutely atrocious month for US economic data, almost every single report was a dud save for some housing-related stuff.

This morning, the September Chicago Purchasing Manager’s Index (PMI), a measure of business activity, went negative (below a 50 reading, which indicates contraction) for the first time since 2009.  But unlike the rest of the parade of ass-tastic econ data points, this one the market is paying attention to – after having blown off the last few, the Dow is off 100 points as of this posting.

Here’s a chart of Chicago PMI overlaid with GDP growth from Scotty Barber at Reuters for some perspective:

Not good, gang.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. click here commented on Sep 21

    … [Trackback]

    […] There you can find 70685 additional Information on that Topic: […]

  2. bitcoin loophole review 2020 commented on Sep 23

    … [Trackback]

    […] Info on that Topic: […]

  3. 안전공원 commented on Oct 18

    … [Trackback]

    […] Information to that Topic: […]

  4. 123movies commented on Nov 21

    … [Trackback]

    […] Read More Info here to that Topic: […]

  5. online td bank commented on Nov 29

    … [Trackback]

    […] Find More Info here on that Topic: […]

  6. รับทำเว็บไซต์ commented on Nov 30

    … [Trackback]

    […] Here you can find 72106 more Info to that Topic: […]

  7. scotia online banking commented on Dec 04

    … [Trackback]

    […] There you can find 77381 additional Information to that Topic: […]

  8. shrimps for sale online commented on Dec 30

    … [Trackback]

    […] Here you can find 13120 additional Info on that Topic: […]

  9. software testing company commented on Jan 12

    … [Trackback]

    […] There you can find 13640 additional Info on that Topic: […]

  10. Gun Broker commented on Jan 12

    … [Trackback]

    […] Find More here to that Topic: […]

  11. bandar 77 commented on Jan 23

    … [Trackback]

    […] Read More here on that Topic: […]