The Purchasing Manager’s Index today dropped ‘unexpectedly’ (unexpectedly for whom?) to 2 year lows.
The bottom is falling out of the OBiden economy. All intentional as we have been saying all along.
How does it feel to be under the CCP thumb?
Continuing Jobless Claims (Jun 10) printed at the consensus estimate of 1.315M.
Current Account (Q1) printed at -$291.4B vs -$273.5B estimate.
Initial Jobless Claims (Jun 17) printed at 229k vs 227k estimate.
Initial Jobless Claims 4-week average (Jun 17) printed at 223.5K.
S&P Global Composite PMI (Jun) PREL printed at 51.2 vs 53.7 estimate.
S&P Global Manufacturing PMI (Jun) PREL printed at 52.4 vs 56 estimate.
S&P Global Services PMI (Jun) PREL printed at 51.6 vs 53.5 estimate.
EIA Natural Gas Storage Change (Jun 17) printed at 74B vs 65B estimate.
Kansas Fed Manufacturing Activity (Jun) printed a -1 vs 23 estimate.