ISM

With all the markets attention focused on Geo political worries, we may have overlooked the ISM manufacturing number from Friday which was ugly.The headline number, expected to increase instead dropped to the lowest in years, New orders and Unemployment also dropped to multi year lows,Not a pretty picture .hard to say if bad news is good news scenario with this number as geo- political worries cloud the picture.

ISM Headline lowest since 2010
ISM employment lowest since 2016
New orders lowest since 2010

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