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Global Manufacturing PMI Plunges To 6-Month Lows
JPMorgan's global manufacturing PMI tumbled to its lowest level since October 2013 in April with the fastest 2-month drop in almost 2 years. At 51.9, the index is still in expansion (for the 17th month in a row) but the employment sub-index dropped as there is no sign of a post-weather bounce across the world.
Charts: Bloomberg
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Global Cooling.
its the weather
That global manufacturing graph looks like a roller coaster. Fasten your seatbelts!
so with this the Dow will now reverse course and plung over 100 points - right?????
Since when does the stock market have anything to do with the economy or economic output? I'm an economist (by training, not by trade) and I don't ever recall a close correlation between the two. Last 5 years it's they've been negatively correlated, near as I can tell.
Whatever is doing it, it certainly has nothing to do with China.
MOAR ALL TIME HIGHS ON THEIR WAY!!!!
LISTEN UP MUPPETS - BTFATH!!!!!!!!!!
Who needs manufacturing or jobs when we have 'Fast-n-Furious' Central Bankers?
Anthything affiliated with JP Morgan is a lie!