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21min chapter
Business Cycle Slowdown Will Intensify Into Recession | Mike Singleton
Forward Guidance
Composite PMI, Manufacturing, and Services
This chapter analyzes the composite PMI and its relationship with manufacturing and services. It discusses the recent increase in the composite PMI and why it is expected to decline. The chapter also compares the ISM data and SMP data, emphasizing the importance of PMI data in relation to risk assets.
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