Employment Holding Up The Economy

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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:

i. ISM Manufacturing PMI data bucked the slowdown trend. The latest ISM Manufacturing data showed an expansionary reading of 56.1, implying 12% YoY earnings for the S&P 500.

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