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Friday, October 1

Morning Economic News Update

Revised Consumer Sentiment up 68.2

ISM manufacturing below expectation 54.4 vs 54.6

ISM manufacturing prices unexpectedly rose to 70.5 vs 59.6
(Inflation is happening)

Personal Income rose 0.5% vs 0.3%

 

All in all, we have a good mix of economic data here. ISM manufacturing did slow down, but not too low to worry investors. However, inflation is high, and this means that the QE may not happen so drastically afterall. Will take this as a chance for a market pullback soon.

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