October ISM PMI just bounced clean off monthly Ichimoku cloud support—staying bullish.
Expansion mode confirmed. Manufacturing holding up better than the bears expected. This keeps the soft-landing narrative alive and supports risk-on positioning into year-end.
Watch for follow-through above 50 to confirm momentum. If we hold here, it's another data point for "higher for longer works" without breaking the economy.
Expansion mode confirmed. Manufacturing holding up better than the bears expected. This keeps the soft-landing narrative alive and supports risk-on positioning into year-end.
Watch for follow-through above 50 to confirm momentum. If we hold here, it's another data point for "higher for longer works" without breaking the economy.