FYI: It has been a positive day for economic data today as all three major indicators released topped expectations. One of the better-than-expected reports was the Philly Fed Manufacturing Index, which rebounded after three straight months of declines. While economists were forecasting the headline print to come in at a level of 17.1, the actual reading came in at 23.8.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/philly-fed-exceeds-expectations/
