Trump Makes History, Presides Over Most ‘Tremendous’ Plunge In New York Factory Gauge Ever

Trump Makes History, Presides Over Most ‘Tremendous’ Plunge In New York Factory Gauge Ever

If bad news is now "good" news thanks to the perverse (albeit familiar) dynamic that comes calling when markets are leaning heavily on the assumption of central bank largesse to keep risk assets afloat, then Monday's horrific Empire State manufacturing print is just fantastic. The gauge plunged a truly astonishing 26.4 points from May to -8.6, making this yet another case where consensus was laughably off base. Indeed, it's barely worth mentioning that economists were expecting a drop to 11 (fr
Subscribe or log in to read the rest of this content.

6 thoughts on “Trump Makes History, Presides Over Most ‘Tremendous’ Plunge In New York Factory Gauge Ever

  1. Rule #1…. When short on good Bullish events to help Equities levitate ,get week Rooted Data and make bad news sound like it is gonna’ save our asses… The effect is short lived but it’s one day at a time….

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints