GAME OVER:
US ISM services PMI plummeted to 48.8 from 53.8, lowest level since the COVID CRISIS.
US manufacturing contracted in the last 19 out of 20 months, longest streak since the Great Financial Crisis. In the past, both industries contracting occurred only in recessions.
https://x.com/GlobalMktObserv/status/1808855785566581008
...the Fed pivot is arriving this Sept, but it is likely to be too late too little, and it won't be long before deflation fears exceed inflation fears.
...the market stayed close when this data was released.
- Forums
- ASX - General
- Its Over
GAME OVER: US ISM services PMI plummeted to 48.8 from 53.8,...
-
- There are more pages in this discussion • 1,372 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost