Posted by icecoldjones on 5th of Jan 2024 at 10:13 am
Below 50 and it means the economy is contracting, not expanding,
and it almost tapped 50. Yet, the market is rallying from the point
this dropped which I find interesting. Last time it was under 50
was Jan 2023 and before that May and June 2020 during Covid.
Posted by DigiNomad on 5th of Jan 2024 at 11:21 am
Per Bloomberg - the employment component that was weak is
seasonal (hiring for the holidays happens in November, etc).
Further, according to them, it was stronger than the same
number last year. So....
I'm pretty sure the market just wanted to rally. I posted
about the trap setup at the close yesterday. Perfect plus
Matt's signal.
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Below 50 and it means
USA ISM Non-Manufacturing PMI For December 50.6 Vs 52.6 Est.; ...
Posted by icecoldjones on 5th of Jan 2024 at 10:13 am
Below 50 and it means the economy is contracting, not expanding, and it almost tapped 50. Yet, the market is rallying from the point this dropped which I find interesting. Last time it was under 50 was Jan 2023 and before that May and June 2020 during Covid.
Per Bloomberg - the employment
Posted by DigiNomad on 5th of Jan 2024 at 11:21 am
Per Bloomberg - the employment component that was weak is seasonal (hiring for the holidays happens in November, etc). Further, according to them, it was stronger than the same number last year. So....
I'm pretty sure the market just wanted to rally. I posted about the trap setup at the close yesterday. Perfect plus Matt's signal.