RENMAC: “.. The regional manufacturing PMIs are telling you that business investment is likely to crumble. Our tracker of capital spending intentions across the various regional PMIs tumbled to -3.9, the lowest since May 2020.”
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No company can operate with such uncertainty. No country can survive with such uncertainty. Trump and the GOP are dismantling the country. Democrats will have to rebuild it AGAIN.
Capital market investments lead the indexes and, in fact, are the truest indicators of future market movement. This is seriously concerning. Why are the markets rising? This is a suckers bet.
Trump saying he’s gonna go easy on Tariffs should read as “oh shit…I’m seeing the numbers and I screwed everything up”. But he’s too prideful to ever admit he screwed up. The market will see it soon and we’ll be back around 4,800 in S&P at best
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