ISM Manufacturing came in somewhat stronger than expected, notes Michael Shaoul. He talks about how this is effectively neutral territory. He discusses how futures are lower and crude is higher as conflict in Israel continues. He goes over how recent moves in the bond market will change the Fed’s plans and what a blowout jobs report means for the economy. He then outlines takeaways from the ISM manufacturing survey. He highlights that prices paid are surprisingly weak despite a significant increase in publicly traded energy prices. He also looks at signs of improvement in the economy. Tune in to find out more about the stock market today.
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