Latest HotChart - Take a Look at these ISM Charts (Manuf vs Services)
Looking at the way the manufacturing ISM (green) has preceded services ISM (white) into the downside, it is fair to expect today's release of July services ISM to come in near 50 than the expected 53. http://ashraflaidi.com/t/?hc2591 More importantly (and worryingly), the overall downtrend appears unlikely to be reversed without any considerable dosage of stimulus. Watch in Q4 2010 how both ISMs recovered on the anticipation/announcement of the Feds QE3 program. Without the stimulus, the ISMs appeared to have been heading back below 50. Similarly, the rebound in Q2 2009 was partly boosted by the official announcement of QE1 in March 2009. But the move was signalled 3 months earlier by the Feds decision to slash interest rates to zero in December 2008. BOTTOM LINE: QE3 is inevitable. It may not be called QE3, but it will take the form of further stimulus, at which point it will test the resilience of the market bears (not bulls).
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17