Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

#42171
Truman
Participant

Philadelphia Fed Index improved to 6.2 in August (consensus -4.0) from -12.3 in July. The new orders index, though, remained stuck in negative territory at -5.1, which qualified as an improvement from the -24.8 reading seen in July.

The key takeaway from the report was the recognition that firms expect overall declines six months from now, evidenced by a -10.6 reading in the future index versus -18.6 in July..