Explains the panic buying today
U.S. Expansion Slowed in August, Survey Showst.co/q1913P55a7
— Stalingrad & Poorski (@Stalingrad_Poor) August 23, 2021
Echoing the collapse in consumer sentiment, preliminary August data from Markit’s business survey suggest peak optimism is long gone. Both US Services and Manufacturing PMI tumbled in August, beginning to catch down to ‘hard’ data’s reality.
— Carl Quintanilla (@carlquintanilla) August 23, 2021