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Worldwide Demand Nosedives 50% for Vital Economic Goods
Wall Street was rocked by a huge plunge in orders for ASML, a company which produces machines that touch practically every part of the global economy. That was followed by another four-letter firm, LVMH, which reported a shock decline in revenue. Both showing the same thing from very different angles, further confirming - along with swap markets - why there will be another leg down in interest rates.
Eurodollar University's Money & Macro Analysis
ASML Home
https://www.asml.com/en
ASML Q4 2023 Results
https://www.asml.com/en/news/press-releases/2024/q4-2023-financial-results
ASML Q3 2024…
The skinny
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