tony chen's List: INVESTMENT

• If the economic data is going to lead the way, Wall Street needs to start seeing better numbers in the manufacturing sector. Two key barometers of manufacturing activity, the Empire State index and the Philadelphia Fed index, turned sharply lower over the past few months after a sizzling start to 2011.
• The Empire State index, which surveys manufacturing executives in the New York region, is projected to rise to 0.0 from -3.8 in July. The report comes out Monday morning.
• The more closely followed Philly Fed index, published Friday, is forecast to rise to 5.0 in July from 3.2 in the prior month.
• Yet Dutta cautioned against reading too much into the regional manufacturing surveys. He said industrial production is expected to show a big increase in July, drawing on data in previously published economic reports.
• Also on tap are monthly reports on wholesale and consumer prices. Both indexes are likely to show increases, mainly because of higher gas prices in July. Yet economists say inflationary pressures appear to have eased, as evidenced by falling oil prices.
• In a relatively light week of data, the biggest threat to the market stability that investors crave is likely to be events overseas. Wall Street will keep a close eye on whether Europe takes bolder steps to avert a potential debt crisis.

  • Important Precaution

4 more annotations...

• aluminum/steel, industrials, utilities, transport, autos, chemicals and hardware. Meanwhile, metals, mining and construction have potential to surprise on the upside.

• ะเงินเฟ้อคือ “too much money chasing too few goods”