The Trader's Guide to Key Economic Indicators / Edition 3by Richard Yamarone
You don't need to manage millions or billions of dollars to use economic indicators to plan an investment strategy and build your portfolio. Furthermore, you don't need a degree in economics or mathematics to interpret this information. Today, you can get much of the same information that Wall Street professionals use in their analyses from various online… See more details below
You don't need to manage millions or billions of dollars to use economic indicators to plan an investment strategy and build your portfolio. Furthermore, you don't need a degree in economics or mathematics to interpret this information. Today, you can get much of the same information that Wall Street professionals use in their analyses from various online or print sources as well as numerous business programs.
Nobody understands this better than author Richard Yamarone, a Bloomberg Senior Economist with over twenty-five years of experience working on Wall Street. And now, in the Third Edition of The Trader's Guide to Key Economic Indicators, he shares his extensive insights on this topic with you.
Filled with new examples and commentary on the recent financial crisis, this reliable guide focuses on a dozen essential economic indicatorsand several others from the fixed income and commodity marketsthat are among the most important of any analyst's or economist's tools. Each chapter corresponds to an indicator, beginning with the most comprehensiveGDP and indices of leading, lagging, and coincident indicatorsand continuing with those tied to particular aspects or segments of the overall economy, such as consumer prices, manufacturing, housing, and retail sales.
To help you gain a firm understanding of the indicators addressed, every chapter follows the same basic setup: an introduction sketching out the major attributes of the indicator and its effect on the markets; a discussion of its origins and development; a description of how the relevant data are obtained, analyzed, and presented; and an explanation of how to incorporate these data into your investment endeavors. The last section of every chapter also contains at least one "Trick from the Trenches" that will allow you to develop a clearer picture of business activity.
Engaging and informative, the Third Edition of The Trader's Guide to Key Economic Indicators will help you gain a practical command of economic indicators and their meaning for investment. Written for both professional and individual investors, it will put you in a better position to form your own opinions about the possible direction of the economy and markets as well as how to make the most informed investment decisions based on those opinions.
Table of Contents
CHAPTER 1 Gross Domestic Product 11
CHAPTER 2 Indexes of Leading, Lagging, and Coincident Indicators47
CHAPTER 3 The Employment Situation 65
CHAPTER 4 Industrial Production and Capacity Utilization 83
CHAPTER 5 Institute for Supply Management Indexes 101
CHAPTER 6 Manufacturers’ Shipments, Inventories, andOrders 123
CHAPTER 7 Manufacturing and Trade Inventories and Sales 139
CHAPTER 8 New Residential Construction 151
CHAPTER 9 Conference Board Consumer Confidence and University ofMichigan Consumer Sentiment Indexes 167
CHAPTER 10 Advance Monthly Sales for Retail and Food Services183
CHAPTER 11 Personal Income and Outlays 199
CHAPTER 12 Consumer and Producer Price Indexes 219
CHAPTER 13 The Fixed-Income Market 235
CHAPTER 14 Commodities 259
About the Author 285
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