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Oct 05 2019

Last Bastion Breaking Down?

  • Oct 5, 2019

We’ve been expecting weakness in the manufacturing sector to spread to the service economy, but were not prepared for the nearly four-point drop in the latest ISM Non-Manufacturing Composite. We don’t want to overplay a single monthly reading from an historically volatile report, but the Non-Manufacturing Price Index spiked despite the drop in New Orders.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager