Fed’s Inflation Fight Gets a Boost Amid the Wall Street Rout

Desire to Short Cathie Wood's ARKK Is Dropping Almost as Fast as the Fund

Multifactor Industrials ETF  declares distribution of $0.2511

John Hancock Multifactor Industrials ETF  (JHMI) - $0.2511.Payable Jun 30; for shareholders of record Jun 28; ex-div Jun 25.

Empire State Manufacturing Survey: Modest Expansion In October

In the latest Empire State Manufacturing Survey, the diffusion index for General Business Conditions came in at 10.5, a decrease of 6.5 from the previous month's 17.0.The Investing.com forecast was for a reading of 15.0.Business activity expanded modestly in New York State, according to firms responding to the October 2020 survey.

U.S. PMIs, The Recovery Powers On

Despite the recent slowdown in the employment numbers the recovery seems to power on.The U.S. PMI numbers for both services and manufacturing show considerable expansion still.This bodes well for Q3 GDP and thus stick market pricing.

ISM Services Shine

The resurgence of COVID in some global economies resulted in a number of weaker readings in Markit Service PMIs, namely those in Europe.Meanwhile, the reading for the US released Monday met expectations at 54.6, unchanged from the flash reading but slightly lower than last month’s reading of 55.0.The ISM reading for the Non-Manufacturing sector, on the other hand, had a stronger showing in September with the headline index rising to 57.8 from 56.9 in August.

ISM Manufacturing Index: Down 0.6 In September

The Institute for Supply Management published its monthly Manufacturing Report for September.The latest headline Purchasing Managers Index was 55.4, a decrease of 0.6 from 56.0 the previous month.The headline number was below the Investing.com forecast of 56.4 percent.

Eleventh District Elevates

The final regional Fed manufacturing survey of the month was out this week with the release of Dallas Fed's manufacturing survey.General business activity rose 5.6 points in September to 13.6.That marks back to back months with expansionary activity since August and September of last year.This month also marked the strongest reading since November of 2018 as the index has risen for five straight months.