• bugs_
    04/01/2015 - 08:45
    Domestic energy production continues to increase despite the anticipated shale shakeout.  The precipitous decline in gasoline prices were welcomed by most but government exise tax revenue was in...

Stocks Surge As ISM New York Collapses To 4 Year Lows

Tyler Durden's picture




 

While not a primary macro indicator, the ISM New York's collapse (at the fastest 2-month drop in 4 years) to the lowest in 4 years is yet another indication that the hope the Fed discussed for a recovering economy (and therefore a taper) is an entrely false premise. Business Conditions dropped and expected demand in 6 months cratered from 64.7 to 50.0. This 'bad news' was certainly greeted by the market as good news as taper-off met risk-on...

 

 

While the S&P was already moving at the open, the dismal ISM print set stocks on fire...

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