💰Purchasing Manufacturers Index Rebounds in August

In 1984, a small retail operation started in a 900-square foot location in the Highland Park neighborhood of Los Angeles. It's since expanded to over 723 locations with much larger sizes.

Good morning. In 1984, a small retail operation started in a 900-square foot location in the Highland Park neighborhood of Los Angeles. It's since expanded to over 723 locations with much larger sizes. However, as with many apparel retailers, years of declining revenue have sent the company to flirting with bankruptcy. Forever 21 looks like it may die off this year, but at least it will do so at the age of 35. Sponsored Content Analyst: "All hell is about to break loose" What you do in the next few days could determine your financial destiny for the rest of your life. The same forces that have triggered every financial boom and bust in our lifetimes are forming a powerful supercycle that will rip through the world economy. Don't disregard this warning. Take a moment now to get the details on the terrifying new stock market ahead and learn why we're in for a 60-month long rollercoaster ride through hell. It's Trivia Time! It's Trivia time! Join the fun and win a $15 Amazon Gift Card! Steve Madden just completed it's acquisition of Greats Brand. What investment book prominently features the IPO of Steve Madden? To participate, just reply to this email within the next 48 hours only with your answer. One winner will be selected on Monday, September 9th. #Happytrading Was this email forwarded to you? Get your own! Sign up here. Last week's winner: Richard D. Answer: California MARKETS DOW 26,403.28 +0. 16% S&P 2,926.45 +0.06% NASDAQ 7,962.88 +0.13% *As of market close • Stocks rallied at the start Friday, into the long Labor Day weekend, but slid before ending flat. • Oil prices dropped nearly 3 percent, to $55 per barrel, on reports of Russian overproduction. • Gold declined slightly, trading just under $1,533 per ounce.trading just under $1,533 per ounce. • Cryptocurrencies had a modest bounce following a two-day drope,with bitcoin nearing $9,600. Today's TOP TIPS Purchasing Manufacturers Index Rebounds in August The Chicago Purchasing Manufacturers Index, a measure of real goods being created and distributed throughout the economy came in with a read of 50.4 in August. That number was a jump over the July data of 44.4. The index is structured on a scale from 1 to 100, with 50 as a break-even point. The current read shows modest growth, compared to the July data which indicated a contraction. » FULL STORY Dollar Hits New Record High Against Euro The Euro hit a price of $1.09 compared to the dollar, its weakest performance against the U.S. currency since May 2017. As Europe shows even slower growth than the United States, the U.S. dollar will continue to look like a haven for currency investors. Currency moves are binary in nature. A weak Euro means that the dollar looks relatively stronger. This is a situation that can have severe implications on trade issues. » FULL STORY Insider Activity: JM Smucker Co (SJM) On Thursday, August 29th, Geoff Tanner bought 1,000 shares of JM Smucker Company (SJM), where he serves as a senior vice president. By picking up shares around $103, his total cost to pick up those shares was $103,000. The buy increases his stake by 17 percent, leaving him with just under 14,400 shares. This is the first insider buy at the company this year, following some insider sales at higher prices in the past few months. » FULL STORY Unusual Options Activity: NIO Inc. (NIO) On Friday, over 20,240 contracts traded on the October 2019 $2.50 put option on NIO Inc (NIO). As the contract had a prior open interest of 422, this represents a 48-fold increase in volume on the bearish trade on shares. With shares of NIO trading around $2.90, the $2.50 bet is out-of-the-money at the moment, but could move to that strike price before these options expire in 46 days. » FULL STORY IN OTHER NEWS • India's GDP slows to a six-year low of 5 percent. • Nearly half of U.S. families have missed out on the historic bull market of the past decade. • August proved to be the second-worst month of 2019 for investors. • Bankruptcies are rising in the shale space as smaller drillers fail to meet debt obligations. • Sales rose for generic drug companies in July by 4.5 percent. • In tech, Apple plans to unveil the next iPhone on September 10th. • In earnings, Campbell's Soup rises following strong earnings and cost-cutting measures. • American Outdoor Brands misses on earnings and revenue estimates, sending shares down. • Dell Technologies beats on earnings and revenue, with a 47% earnings surprise. • And beauty supplier Ulta drops as the company slashes its outlook following a sales miss. S&P 500 MOVERS TOP WDC 3.976% DLTR 3.952% CPB 3.902% WYNN 3.602% DD 3.284% BOTTOM ULTA 29.551% ALXN 10.172% COO 5.734% MRO 2.951% EL 2.76% Quote of the Day The fortune of a now 74-year period of peace has inevitably led to a tremendous accumulation of wealth on the one hand and debt on the other. In the past, wars or high inflation have effectively taken care of this problem. How we solve it without both these factors remains open - Austrian Central Bank policymaker Ewald Nowotny on the Eurozone's monetary problems and slow economic growth. Sponsored Content This is the most severe market warning I have ever issued The forces that have triggered every financial boom & bust in our lifetimes are forming a supercycle that will rip through the economy. Get the details on the terrifying stock market ahead and why we're in for a 60-month rollercoaster ride. Not sure the best way to get started? 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