{"id":23429,"date":"2013-04-01T12:23:14","date_gmt":"2013-04-01T16:23:14","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=23429"},"modified":"2016-09-20T13:52:05","modified_gmt":"2016-09-20T17:52:05","slug":"ism-manufacturing-that-was-not-expected","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/04\/01\/ism-manufacturing-that-was-not-expected\/","title":{"rendered":"ISM Manufacturing &#8211; That Was Not &#8220;Expected&#8221;"},"content":{"rendered":"<p>The ISM Manufacturing index came in at 51.3 for March. That was against an expectation of 54.2. Markets have been pricing in a continuation of better economic and earnings reports for the past couple of months and this was a shot of cold water right in the face.<\/p>\n<p>Even though we are seeing a sell-off today, it is rather muted considering the report and the fact that the news out of Europe is getting worse. Perhaps this is a one-off in the upcoming eco reports that we will <!--more-->see, but it stands to reason that this is more like the start of a weakening period. It can be seen in the inventory builds and the regional manufacturing reports over the past couple of months.<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/ismmanu-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23432\" alt=\"ismmanu\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/ismmanu-1.jpg\" width=\"552\" height=\"311\" \/><\/a><\/p>\n<p>Over the next couple of days there will be plenty of additional data-points that will show whether or not this is an isolated occurrence. Stay tuned&#8230;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ISM Manufacturing index came in at 51.3 for March. That was against an expectation of 54.2. Markets have been pricing in a continuation of better economic and earnings reports for the past couple of months and this was a shot of cold water right in the face. Even though we are seeing a sell-off [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481],"class_list":["post-23429","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=23429"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23429\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=23429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=23429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=23429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}