FYI: The headlines will say that today’s ISM Manufacturing report was weaker than expected, continuing a trend we have seen in the data for some months now, but the reality is that today’s report was still very strong. Just look at the commentary associated with today’s report. Whenever you see adjectives like strong, best, huge, and steady dominate, it’s a sign of strength, and this month’s commentary was littered with them. There was literally not one mention of a weaker manufacturing environment!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/weaker-than-expected-strong-ism-manufacturing-report/
