bullish
Make or break time for Gold // Goldman Sachs has no feeling for timing oil trades
SUMMARY
- While the Flash Manufacturing PMI came in lower than expected at 48,5 (50,0 expected), the Flash Service PMI came in once again higher than expected at 55,1 (52,6 expected)
- Prometheus Research shared this overview with us that highlights that the Service sector continues to hold this economy up.
- The majority of service businesses continue to stay in the growing territory - this needs to change before we actually see a recession in the service sector as well. Keep in mind that the Manufacturing sector in the US accounts for “only” 11% of GDP!
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