𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 – 𝗦𝗲𝗽𝘁 𝟮, 𝟮𝟬𝟮𝟱
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 – 𝗦𝗲𝗽𝘁 𝟮, 𝟮𝟬𝟮𝟱
U.S. manufacturing activity contracted for the sixth consecutive month in August, according to the monthly report released Tuesday by the Institute for Supply Management (ISM).
The ISM manufacturing index came in at 48.7, slightly higher than July’s 48.0.
Economists polled by Reuters had expected an average reading of 49.0.
As a reminder, 𝗮 𝗳𝗶𝗴𝘂𝗿𝗲 𝗮𝗯𝗼𝘃𝗲 𝟱𝟬 𝘀𝗶𝗴𝗻𝗮𝗹𝘀 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆, while a reading below that threshold indicates contraction.
$NSDQ100 $SPX500
⚠️ Risk Warning:
This is a personal strategy, not financial advice. Whether you apply it or not is your choice. Past performance does not guarantee future results.