Cautious Stance Continues
The persistent slowdown in the U.S. ISM Manufacturing Purchasing Manager Index portends a decelerating U.S. economy.
Source: seekingalpha.com
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The persistent slowdown in the U.S. ISM Manufacturing Purchasing Manager Index portends a decelerating U.S. economy.
Other than commodities, the other primary asset classes are down through the first two quarters of 2022, with equities and long-dated US Treasury bonds in bear market territory.