ISM manufactring index comes in barely above CONTRACTION reading, the economy has slowed to a crawl, were it not for companies borrowing like mad to buy back stock, earnings would not look so chipper.
A 20 + SPX premkt handle is now RED, sell the news WAS right after the open. MONEY FLEEING into 2 year yields down to only .36% one of the lowest yields in history.
You want to sleep at night, I'm in cash 100%....well....sleep a little as they burn our currency
D
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