MFG in USA Getting Hit Hard (Patreon)

The latest ISM Manufacturing Report came in at 48.7, which means U.S. factories are shrinking instead of growing (anything below 50 signals contraction).

That slowdown could help cool inflation, since weaker demand means companies have less power to raise prices. But there’s a downside — if production keeps falling, some businesses may start cutting jobs and then a recession hits but there is already a recession in MFG as I have said for quite a while now.

The good news is it makes odds of a 3rd FED RATE CUT higher which is a tailwind for risk assets like TSLA and BTC