Today’s key macroeconomic releases from the US clearly missed expectations with the ADP report showing another modest increase in employment, ISM pointing at the weakest growth in non-manufacturing sector since August 2017 and factory orders falling for the 3rd time in the past 4 months. That has not stopped the bulls – the US500 keeps soaring for the third day and has just crossed the 2990 level for the first time ever.
US500 soars to all-time highs despite more weak data
Jul 3, 2019
