Meanwhile, the decline sets in t.co/BvbDo1sKSM
— Anil (@anilvohra69) February 3, 2020
Quite the coincidence. The ISM manages to surprise with a 50.9 print, but with only 44% of industries reporting any growth. Exact same metrics (headline print and share of industries reporting growth) as in January 2008… the first month of the recession that so few saw coming.
— David Rosenberg (@EconguyRosie) February 3, 2020
O/N Manufacturing PMI's
ASEAN ⬆️49.8 v 49.7
China (Caixin) ⬇️51.1 v 51.5
Thailand ⬇️49.9 v 50.1
Indonesia ⬇️49.3 v 49.5
Vietnam ⬇️50.6 v 50.8
S. Korea ⬇️49.8 v 50.1
Malaysia ⬇️48.8 v 50.0
Myanmar ⬆️52.7 v 52.0
Philippines ⬆️52.1 v 51.7
Taiwan ⬆️51.8 v 50.8
Japan ⬆️48.8 v 48.4— 𝕮𝖍𝖎 🛢️ (@chigrl) February 3, 2020
Over the past 30 years the S&P 500’s max annual avg drawdown has been 12.8%. We believe near-term risks are weighted to the downside, as markets look stretched from a technical perspective, the coronavirus should create near-term economic weakness, & Sanders has strong momentum. pic.twitter.com/9DQZ16KszJ
— Wolfe Daily Howl (@WolfeDailyHowl) February 3, 2020