Yup.
So, let’s ask some questions?
Will the PMI numbers take the market by surprise?
I mean, is it possible that everyone (or even most of Wall Street and institutional investors) never gave the upcoming PMI numbers much thought? Maybe that they “forgot” about it?
Or is it possible that the poor PMI numbers have already (to some extent) been priced into the correction?
Curious.
Personally (how else) I think there will be a recession as a result of manufacturing and production disruption in China. We’ll see how severe it is.