VIS

CNBC's Bob Pisani looks ahead to the day's market action.

On CNBC's "Fast Money Halftime Report," Meghan Shue said she is looking at the industrial sector. She is a buyer of Vanguard Industrials Index Fund ETF (NYSE: VIS).

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.

Tracking insider purchases is an overlooked but very informative strategy. It can provide undervalued stocks in the market and can make assumptions for future market returns.September's number of insider purchases was close to the historical average, indicating that insiders are not scared from upcoming risks such as the election and COVID-19.Insiders are particularly buying stocks in the industrials sector recently.This monthly update also provides a list of the top 10 insider purchases by market cap and the top 10 insider purchases by value purchased.

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.

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.

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.