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Tran·si·to·ry
The usual first-of-the-month top-tier US data is split between two weeks in March. This week brings the ISM surveys. Traders will have to wait a week for an update on the labor market.
I think it's fair to suggest that if the ISM prints are hot, and any upside to consensus on the headlines isn't offset by soft reads on the price gauges, the risk for equities is to the downside.
Recall that January's ISM services print was ahead of every estimate. Delivered as it was just an hour and a half aft
