Mixed Economic Signals Vexed the Market Last Week. 

The fourth quarter of 2016 kicked off last week with a mixed bag of data. On one hand, we had the biggest expectations beat for the ISM Non-Manufacturing survey for the entire economic recovery, while on the other hand, Friday’s September employment report was below the year-to-date average of 178,000 jobs per month.

Just like Septemeber, October is shaping up to be another volatile month in the market.

But we’ve got you covered here at Tematica Research with another issue of the Monday Morning Kickoff — and for those subscribers, we’ll help you through the turbulence in our Tematica Investing and Tematica Pro services.

Download this week’s issue at the bottom of this email or click here.

Chris Versace
Chief Investment Officer
Tematica Research

• Context is everything when it comes to the September ISM Non-Manufacturing & Employment Report
  Last week we got a mixed back of results when we look at the ISM Data and Employments reports. With lots of different angles and subtleties in the data, we break it all down and lend some insights into how it could impact the current quarter and beyond . . .  Read More >>
• GDPNow Forecast Continues Downward Revisions
  Since the beginning of August, the Atlanta Fed has been dropping it’s 3rd quarter forecast, moving it from 3.6 percent at the beginning of August, down to 2.1 percent last week. Certainly not the vector we like to see when examining the economy and one that offers a more sobering view on that better than expected September ISM data, but that won’t stop everyone from speculating on the Fed’s next move . . .  Read More >>
• Checking Expectations Ahead of 3Q Earnings
  Later this week, we have the official start to September quarter earnings season. We also have the continued fallout from the presidential elections, last night’s debate, the aftermath of Hurrican Matthew, plus initial cuts of data that will provide insights into what retailers are looking at for the coming Holiday season.  . . .  Read More >>Click below to download the full report:

Monday Morning Kickoff 10-10-2016