PMI Data Shows Economies Contracting On Both Sides of the Pond.

#economics #recession #PMI #GDP #FED #ECB #inflation #QE #Pivot #markets

Business activity contracts, most since 2009 excluding the lockdown, in the US service sector in early July with S&P Global Services PMI dropping to 47 from 52.7 in June. This reading came in much weaker than the market expectation of 52.6. Economic conditions show signs of weakening while CBs are tightening.

Thanks for watching the Mike & Mario Show. Subscribe & click the 🔔 icon to be notified of future video uploads.

Connect with Mike @Rethinking the Dollar

SUPPORT MANECO64:

Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/

GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79
https://glintpay.com/

Teespring Store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/maneco64

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mother.