Scoreboard: Shopping fatigue

Taper fears and talk of weak US holiday retail sales pushed Wall Street lower despite strong manufacturing and jobs data.

Despite another pick-up in American manufacturing activity, stocks remain subdued, travelling around zero as I write. I’m surprised by that, for sure, as the ISM index at 57.3 in November (up from 56.4) shows that the US economy grew for the 54th consecutive month. The index itself is at a 2.5-year high or thereabouts and well above the average of 51. Great news, right? Especially as it was accompanied by a stronger-than-expected lift in construction activity (0.8 per cent in October compared to a forecast of 0.4 per cent).



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles