FYI: May certainly hasn’t gotten off to the best start in terms of market performance or economic data. A case in point? Today’s ISM Manufacturing report for the month of April. While economists were forecasting the headline reading to come in at a level of 58.5, the actual reading came in 1.2 points weaker at 57.3. That’s the weakest headline reading since last July and the weakest report relative to expectations since last April’s report. While the report was a disappointment, keep in mind that two months ago, the index was at its highest level since 2004.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/biggest-ism-manufacturing-disappointment-in-a-year/
