PMI Manufacturing Rose to 49- An Update of the US Economy and Business Cycle Oct 02
PMI manufacturing rose 49 increasing odds it will show net economic growth before year end. Supports model stance.
GDP has uncharacteristically led PMI by a large amount of time. The PMI rating for last month suggests manufacturing might be getting by with higher interest rates and sees decent demand as the economy evolves toward normal.
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Primary focus on the US stock market and the major grains. Short-term to super-long-term forecasts from the business cycle model, including signals.
Additional model-based opinion/signals include global stock market indexes, interest rates, dollar, bitcoin, gold, oil, the boom/bust cycle of the economy, and the cyclical climate events that can cause crop problems.
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