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It is often said that manufacturing is the "canary in the coalmine" for the economy. Meaning if things go sour there first...it spells trouble for the rest of the economy.
Gladly the manufacturing data on Monday showed marked improvement. First, was the PMI Flash data for the Eurozone. That improved from 52.6 to 53.3, which got global markets headed higher. This got followed up by an even more impressive rise for the US version of the report going from 51.4 all the way to 53.2.
This is a very healthy sign for the developed economies in Europe and the United States. Healthy enough to finally have the S&P 500 breaking above the 100 day moving average (2143) where it has been in a wrestling match for the past couple weeks.
I believe the only thing in the way of record highs at this time is the outcome of the election. Who wins is not the issue. Just the clearing up of the uncertainty is all that matters. Since that is only a couple weeks away, then now is as good of a time as any to load up for the eventual move higher. It is also a good time to learn more proven strategies to help you outperform the market. That is exactly what you will find in this timely article below:
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It is often said that manufacturing is the "canary in the coalmine" for the economy. Meaning if things go sour there first...it spells trouble for the rest of the economy. 
