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Manufacturing Contraction — The Good Kind
If you were looking for a dovish macro print to support any "last hike" hopes you may be harboring f
No drama but the forward looking measures of the economy keep printing weaker. Opec’s move is to try to prevent a glut, it is as much defensive as offensive. There is a lot of happy talk out there but it is based on looking in the rear view mirror. I don’t expect a disaster, but a recession with disinflation looks like it’s baked in the cake. I also believe the fomc will be cutting rates by sometime in q3 this year.
based on H’s last visual – SP vs ISM mfg – can anybody explain the seeming divergence in trend? Seems SP trending up, ISM opposite. Any clues?