Well, talk about crosscurrents. Job growth really took a hit. The services stuff is still creating the jobs but the whole lagging mess dropped off in May (with unemployment actually…
A fairly level ISM RoB for May. I've highlighted a couple notables. New orders are healthy and price creep is in effect, which would dovetail with our would-be Semiconductor related…
Following is the opening segment from the May 29 edition of Notes From the Rabbit Hole, NFTRH 397: If we are going to highlight improving fundamentals, which we did as…
Any questions? SEMI's April Book-to-Bill... Very much in line with the AMAT quarterly Chirp, SEMI notes 3D NAND as a driver, along with China. The implications, folks, are going to…
The following is the opening segment of this week's Notes From the Rabbit Hole, NFTRH 396. The report also covers, in detail, the technical status of US/Global stock markets, precious…
Today's economic data have moved the needle back a bit toward 'no change' to the Fed's dovish stance. The March Durable Goods figure was .8% vs 2% expected and even…
Billings were down significantly and that matters not a whit. Bookings jumped and so did the ratio, which of this occasion is indicative of a good report. From SEMI's mouthpiece:…
Last week when I was not doing my own market positioning or writing subscriber updates, I was bringing Biiwii back to life, so on Friday I skipped the entirety of…
A short wrap up to the employment situation from NFTRH 385... Hourly wages eased and this, along with the quality (or lack thereof) of jobs created has given the bears…
Ref. BLS Employment Situation (+242,000, unemployment @ 4.9%) for February. The theme remains unchanged as the relatively strong dollar continued to pressure people who make things and mine things and…
I actually saw some cheering of the 'not quite as bad as expected' ISM report yesterday. It bounced all the way up to a contraction level of 49.5. Full ISM…
The Semi equipment book-to-bill ratio jumped all the way to 1.08! Can you believe that? Well unfortunately, what matters is nominal bookings and billings. Bookings eased a bit from December's…
Actually, respondents are not that dour. I would expect Medical Devices to be relatively strong; they always were at economic weak patches when I was in the business. "Huge roll…
I used to get freely distributed emails (i.e. non-premium) from a well regarded service based in the UK. They struck me as very smart and very buttoned down. What they…