ANOTHER ALARM RINGS FOR THE STOCK MARKET, BUT THERE IS NO REASON TO PANIC YET $DIA $SPY $GOOG $CRWD $ASHR $NVDA $MSFT $AAPL $FB $KWEB $MU $PTON
Another alarm rang for the stock market when a survey of purchasing managers of American factories fell to a level last seen during the Great Recession.
Is this a reason to panic? Let’s explore with the help of a chart.
Chart
Please click here for an annotated chart of a Dow ETF DIA, which mirrors the Dow Jones Industrial Average DJIA.
Note the following:
• The chart shows when September’s ISM manufacturing data were released. The index came in at 47.8%. A number less than 50% indicates contraction.
• The chart shows that the stock market fell after the ISM data were released.… Please click here or the title below to read more.
October 3, 2019