Weak ISM reading confirms “mini-recession” view
Yesterday’s ISM Manufacturing Index saw a large drop to the lowest level of the past 10-years (Figure 1). In our view it represents evidence of what we already know –…
Read MoreYesterday’s ISM Manufacturing Index saw a large drop to the lowest level of the past 10-years (Figure 1). In our view it represents evidence of what we already know –…
Read MoreThis video from CNBC’s “Fast Money” is a good discussion of the current environment. Clearly, there is a lot of fear in the air with the disappointing ISM Manufacturing readings…
Read MoreThe ISM Manufacturing Index came in way below consensus expectations with the lowest reading of the current economic cycle. As we mentioned in our post yesterday, we are not making…
Read MoreThe upcoming week will feature a number of significant economic data releases. Due out this week are: Markit US PMI Data, ISM Manufacturing, Construction Spending, ADP Employment Change, Factory Orders,…
Read MoreFirst thing I did this morning was turn on the business news and all I heard was negative, negative, negative. Just remember when everything was great – tax cuts were…
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