FYI: Just as the stock market failed to start off 2016 on the right foot, neither did economic data. This morning’s ISM report for the month of December came in weaker than expected, falling from 48.6 down to 48.2 compared to consensus expectations for an increase to 49.0. December’s decline marks the sixth straight month of declines, which is tied for the longest losing streak since November 2004. All these declines in the ISM Manufacturing report are starting to add up.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-manufacturing-report-declines-again/
