news ignored

» Posted by on Dec 4, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

news ignored

 

Well I’ll admit it… I was wrong. I thought that nothing of substance would come of G20 other than the usual rhetoric. (We are (or not) making strides on our trade blah blah blah)

Instead the news is that now we have another 90 days of uncertainty to look forward to. Just think 3 more months to trade on “well… we’ll see.”

In any event here is what went on today but barely talked about.

PMI Manufacturing: 55.3 still strong yet under the previous 55.7

Construction Spending: An area under stress fell 0.1 when the consensus was looking for +0.3

ISM Manufacturing Index: Certainly a bright spot in today’s releases with a robust 59.3 vs. the consensus of 57.2

Global Manufacturing Index: Pretty much a snoozer as it posted 52.0 Sharply unchanged LOL.

You will not hear much commentary on these fundamental releases but the Fed is watching.

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