While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don't care.
Maybe as market participants seem to believe that Jerome Powell will save the equity momentum another day?
Our weekly editorial here -> https://t.co/pRqwr57ZkM pic.twitter.com/24hK45bqUB
— AndreasStenoLarsen (@AndreasSteno) June 28, 2019
stocks post best 1H in 20 years on rate cut and trade deal hopes
— Alastair Williamson (@StockBoardAsset) June 28, 2019
we all go down together pic.twitter.com/mA9ce9ILU5
— Alastair Williamson (@StockBoardAsset) June 28, 2019
WLI could be exhibiting a topping formation – need to watch through summer – bad news for macro and so far no 2h rebound. pic.twitter.com/uuEHmCv08W
— Alastair Williamson (@StockBoardAsset) June 28, 2019
Real consumer spending came in half of what the consensus forecast was. Economists still haven’t realized the economy is slowing
— GreekFire23 (@GreekFire23) June 28, 2019
leveraged loan index stalling pic.twitter.com/avEwWrvO1E
— Alastair Williamson (@StockBoardAsset) June 27, 2019