ISM Weaker + Inflation Stubborn + QT = Tough Times

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Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us:

  1. ISM manufacturing decelerated modestly. The latest ISM Manufacturing data showed an expansionary reading of 55.4. This reading was a sequential deceleration within a decelerating trend.
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