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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Tuesday, October 01, 2019

US Economic Data: ISM Manufacturing PMI Contraction Accelerates

After US Manufacturing PMI data was released this morning (October 1), US equities began to decline, as described in this CNBC article. They highlight three key points:


Source: CNBC.com 


How much this affects US equity and other world markets in Q4 of 2019 can now be weighed in addition to those I identified in my two recent posts here and here. Two more months of this data will be released before year end on November 1 and December 2...so keep an eye on sentiment and directional movements by the close on those days.

Here's how they closed today (note that the percentages gained/lost graph represents a combination of two days of movement (yesterday and today)...we'll see how they close out the week.



Source: indexq.org

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