Recession Risk Is Still Present -- James Locke #5865

Financial Survival Network · Aug 1, 2023 · 17m · transcript

PMI Report (Manufacturing Purchasing Managers' Index) measures the activity level of purchasing managers in the manufacturing sector Past few months we have seen the numbers in line or under expectations

Last week it was above for the first time since April

Another number will be reported tomorrow

ALL values are still negative, even if they are not as negative as initially thought. Everyone is Bullish and it is scary! Morgan Stanley strategist Mike Wilson finally capitulated and apologized for getting the market wrong the last nine months. (He is a huge bear mkt guy) from 3500-4400 When the…