Monthly Archives: April 2013

MOVE to a New Low

MOVE Index Daily 2007 Bloomberg(r)

The MOVE Index hit a new all-time low today of 49.24bps as the S&P 500 rallied to an all-time high; the average since the inception of the index is 101.71bps. Explanation The Merrill Lynch MOVE Index, according to Bloomberg, is…

Chicago PMI Implodes To Contraction

Chicago PMI Bloomberg(r)

The Chicago PMI collapsed from 52.4 to 49, the first reading below 50 since Sept. 2009, all while Deliveries, Prices Paid, and Production hit their lowest levels since 2009. Except for a minor gain in New Orders, all business activity…