New month, new newsletter? Welcome to the newly designed TheStreet Daily.
For our most ardent readers, this format won’t look or feel dramatically different — and we hope it will remain a valued source for you to get acquainted with market movements, moments, and murmurs. We’ll use Word on TheStreet to share day-to-day updates on markets, bigger trend-related stories on various industries or sectors, or even deep dives on individual stocks.
That said, let’s talk about data. This morning, the ISM Manufacturing PMI for Jan. 2026 dropped, offering some surprising optimism for industrials. The index showed its highest reading since Aug. 2022 at 52.6, which implies expansion. Prices (59.0) and New Orders (57.1) were strong points, while Employment (48.1) remained a pain point.
The excitement was mirrored in part by the S&P Global Manufacturing PMI, which came out just 15 minutes earlier. Although not as weighty as the ISM report, it also showed that manufacturing improved in January, rising from a 51.8 to a 52.4, which at least supports the view that the recovery isn’t an outlier — it might be a sign of recovery to start 2026.
It could be the first of many reports to offer something to cheer this week. For manufacturing and supply chain, the LMI Logistics Managers Index will be out tomorrow morning, along with data from the Job Openings and Labor Turnover Survey (JOLTS), which might color in how the labor market is coming along. There will also be the ISM Services PMI and S&P Global Composite and Services PMI on Wednesday.
Of course, it would be a real treat to round out the week with payrolls — seeing how it’s that time of month — but those will unfortunately have to wait. With the partial government shutdown ongoing, the Bureau of Labor Statistics Statistics will be punting on the timing of January payrolls. It will be delayed to a later date after Congress shores up the votes necessary to temporarily fund the government (again).
If that sounds familiar, it’s because that was also the cause of the more than month-long shutdown which ran through October and November, causing a backup in establishment reports. However, with Republicans increasingly confident about passing some sort of bipartisan stopgap this week, we might be able to gaze on payrolls in full before this abbreviated month ends.
