SM Services beat expectations. That means the market is anticipating less accommodation from The Fed. Now only 1 rate-cut by the end of 2020!
Good news - ISM Services beat expectations.
Bad news - that means the market is anticipating less accommodation from The Fed. Now only 1 rate-cut by the end of 2020!
Source: Bloomberg
And that seems to have upset the bullish melt-up euphoria...
Source: Bloomberg
Finger crossed that we get more dismal data soon!
Copyright ©2009-2019 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage the site: they're updated constantly without notice. Visit www.zerohedge.com.
Comments
Log in or sign up to join the conversation.