Peter, going by the numbers that we might be able to trust, is it as bad as it looks, or worse?
Ultimately, I'm leaning towards worse.
Job numbers tend to be a trailing indicator.
Numbers like the ISM surveys strive to be leading indicators. Market reaction is also something of a leading sentiment indicator.
They are not pointing in a good direction.
Thank you, my good friend.
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Peter, going by the numbers that we might be able to trust, is it as bad as it looks, or worse?
Ultimately, I'm leaning towards worse.
Job numbers tend to be a trailing indicator.
Numbers like the ISM surveys strive to be leading indicators. Market reaction is also something of a leading sentiment indicator.
They are not pointing in a good direction.
Thank you, my good friend.