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PaddyMac33

283 Posts.

33

03/07/24

20:02

Post #: 74594818
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Originally posted by 1ronnie: ↑

The ISM Manufacturing PMI has been below 50 (in contraction) for 19 out of the last 20 months. With data going back to 1948, that's only happened two other times:
-1989-91 (Recession in 1990-91)
-1981-83 (Recession in 1981-82)

https://x.com/charliebilello/status/1808122822008431017

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I don't think the market cares Ronnie. All markets and commodities are up.
1 Upvote

0 Great analysis

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