Things Are Escalating, Quickly...

EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOW
https://www.eurodollar.university/sales-page-spring

Monday's "strong" ISM manufacturing data sparked a whirlwind of inflation fear(mongering). Today's far more important and weak ISM non-manufacturing data barely took any notice. Why is that? The answer is obvious even though the latter series on services is far more important for the overall economy especially since these estimates for it are highly correlated with so many other critical variables. 

Eurodollar University's Money & Macro Analysis

Bloomberg June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Data
https://www.bloomberg.com/news/articles/2024-04-01/treasury-yields-extend-climb-after-strong-ism-factory-gauges

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU