US Manufacturing Surveys Scream Stagflation As "Expectations Have Moderated"
Jun 1st 2021 10:05am EDT
US Manufacturing Surveys Scream Stagflation As “Expectations Have Moderated” With ‘hard’ data serially disappointing over-exuberant expectations for the last few months, ‘soft’ surveys continue to offer ‘hope’ (albeit mixed) for recovery-hyping equity bulls that the vast gap between the market and economic reality will somehow be filled. After ISM’s surprise tumble last month (and PMI’s […]
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