FYI: After three straight weaker than expected reports, we got some good news on the manufacturing front with this morning’s better than expected ISM Manufacturing report. Just to illustrate how weak things have been in this report, six of the last eight ISM reports have been weaker than expected. While economists were expecting the headline index to come in at 48.5, the actual reading came in at 49.5. While this is the fifth straight monthly reading below 50 (longest streak since July 2009), it is also the second sequential improvement, so at least things are starting to move in the right direction.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/63339/
