Econemotions readers, today saw the beginning of the tide turn for FOMC data, as we have suggested for quite sometime, DEFLATION and HARD LANDING will be the concern for 2023 and the FOMC can’t ignore a sub 50 ISM “New Orders Index at 45.2%” More to come over the weekend! Bonds were well bid today and Equities flipped to bad news is good news!
ISM Cracking
Econemotions readers, today saw the beginning of the tide turn for FOMC data, as we have suggested for quite sometime, DEFLATION and HARD LANDING will be the concern for 2023 and the FOMC can’t ignore a sub 50 ISM “New Orders Index at 45.2%” More to come over the weekend! Bonds were well bid today and Equities flipped to bad news is good news!