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paul_d

561 Posts.

132

15/04/20

23:19

Post #: 44065905
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Originally posted by 1ronnie: ↑

It is BAD !! And the futures are reacting to them because the bad news come altogether reinforcing the view that markets have been too apathetic to the biggest economic crisis since the Great Depression.

New York manufacturing hits record low reading of -78.2 amid coronavirus collapse
PUBLISHED WED, APR 15 20208:39 AM EDT

Jeff Cox @JEFF.COX.7528 @JEFFCOXCNBCCOM

Manufacturing in the New York area fell by its biggest margin ever to a historic low far worse than anything seen during the Great Recession.
The Empire State Manufacturing Index hit -78.2, worse even than the -32.5 expected by economists surveyed by Dow Jones.

US retail sales suffered the biggest plunge on record in March dropping 8.7pc

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Let's see what ridiculousness the Fed can pull out today to turn the down day into another fake up day
1 Upvote

0 Great analysis

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