Elections and Slowdown
Corporate Action in Soda;
It has been a week of surprises, and they have been coming thick and fast. The key data from the USA, the ISM Manufacturing Index, came in below forecasts at 48.7. It is a diffusion index which means below 50 shows contraction, and above, expansion. This is bad news for the bulls who hoped the post-2022 recovery would lead to growth in manufacturing.
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