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The ISM services data has taken markets on a ride this year. A new chapter is coming today

The December hiccup on the ISM services chart followed by the rapid recovery tells the story of this year in markets. It's a critical indicator that many market watchers -- me among them -- consider a highest-tier indicator.

Until December, it had held up well and the signal was that the consumer was fine and that any recession would be light at worst. Then it crumbled and markets cheered because that indicated the Fed didn't need to hike and may soon start cutting. The drop, perhaps mo... Read More

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Content Topics

Services

Data

Taken

Markets

Ride

This

Year

Chapter

Coming

Forex

Posted: Mar 3 2023, 13:19

Author Name: forexlive

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