Futures are up even after this and Trump warning 150 counties to make a deal soon or faces higher tariffs. Bond yields are winding down. I’m not even sure this is just retail investors. We’re in an ostrich economy. No one wants to accept what is happening.
You know how our economy is based around services and not manufacturing and it’s the heart of what little economic stability and upward mobility this country still offers?
The operators of those services companies don’t think it’s worthwhile to further invest in the growth of their own businesses.
Brave browser AI:
"The Federal Reserve Bank of New York (NY Fed) conducts the Empire State Manufacturing Survey, which includes a component related to capital expenditures (CapEx) for services. "
Ur *opinion*: "...don’t think it’s worthwhile to further invest in the growth of their own businesses"
They don't think it's worthwhile to spend money on capital expenditures for their own businesses while there is so much uncertainty. They can loosely be the same thing.
Capital spending - funds business invests in acquiring, upgrading, or maintaining long-term physical assets - are in the negative. Which means they aren't budgeting for this in the near-term.
Comments
Tariffs on. Tariffs off. Tariffs on. Tariffs off.
The operators of those services companies don’t think it’s worthwhile to further invest in the growth of their own businesses.
"The Federal Reserve Bank of New York (NY Fed) conducts the Empire State Manufacturing Survey, which includes a component related to capital expenditures (CapEx) for services. "
Ur *opinion*: "...don’t think it’s worthwhile to further invest in the growth of their own businesses"
Not necessarily that they think it is "not worthwhile to spend".
Unless you have a citation saying that that is the reason?
imo
¯\_(ツ)_/¯
Except one is doomsday and one is a little more realistic like what actually happened after the covid low.
in my very humble opinion.