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Archive of entries posted on 3rd October 2019

Services are hanging in, for now. Manufacturing isn’t. Fortunately, we can do some really stupid things and exacerbate the mess. And we are being stupid.

The ISM services index came in at 52.6, versus the expected 55.3. Says ISM this morning at 10:00 AM, “Economic activity in the non-manufacturing sector grew in September for the 116th consecutive month. Read the report here. ISM tanked the market, which bounced back, viz. There’s no question in my mind that we’re headed for […]