Interesting night ... found this that seemed to spring the bears trap last night.A more encouraging message from the ISM index “is that shortages are easing more rapidly,” said Andrew Hunter, senior U.S. economist at Capital Economics.
“Overall, while the ISM index lends support to concerns that aggressive Fed tightening will drive a sharp slowdown in the economy, the details suggest that slowdown could result in a faster drop-back in inflation than many are now assuming,” he said.
