Manufacturing activity contracted in June, according to the Institute for Supply Management’s manufacturing index. For the first time since July 2009, the ISM Index slipped under 50, dropping to 49.7 last month. A reading below 50 indicates a contracting manufacturing sector.
Daily Archives: July 2, 2012
Major Asset Classes | June 2012 | Performance Review
June was a month of revival for most of the major asset classes. The hefty, wide-ranging losses in May gave way to handsome gains last month. Alas, the pop in June wasn’t strong enough to wipe away May’s red ink, but there’s no mistaking the rebound in the month just passed. Whether it’ll roll on in July is anyone’s guess, but for the moment the bulls have something to cheer about.