i feel foolish pointing this out to a room full of such great traders so you all stop reading now cause the rest of this post is for the beginners benefit
people get confused what PMI is and just react to the kneejerk forcast number
in the screenshot you'll see that as long as pmi is above 50 the economy is expanding so it doesn't matter so much that its a red number today as it does that its still above 50...just means that the economy is expanding at a slower clip which is what powell wants
Powell wants a soft landing which means he wont cut just yet since the purchasing managers would get an erection and start gearing up for more sales LOL which would fuel more inflation
I think powell will cut when PMI gets below 50 or very close to 50
so remember gentlemen all these great traders in here know this and thats how they trade pmi LOL
bonzey will tell you he agrees with me cause he's a great trader LOL
people get confused what PMI is and just react to the kneejerk forcast number
in the screenshot you'll see that as long as pmi is above 50 the economy is expanding so it doesn't matter so much that its a red number today as it does that its still above 50...just means that the economy is expanding at a slower clip which is what powell wants
Powell wants a soft landing which means he wont cut just yet since the purchasing managers would get an erection and start gearing up for more sales LOL which would fuel more inflation
I think powell will cut when PMI gets below 50 or very close to 50
so remember gentlemen all these great traders in here know this and thats how they trade pmi LOL
bonzey will tell you he agrees with me cause he's a great trader LOL
trade like the 5% contrarians not the 95% losers