Chris Temple from The National Investor – Tue 1 Oct, 2019

The Importance Of The Disappointing ISM Manufacturing Number

Chris Temple joins me for a close look at the disappointing ISM number from this morning that significantly turned markets. US equities started the day up with gold down but that all changed after the ISM number was released. A lot of the disappointment is being blamed on the tariffs but this is not the complete story.

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  1. On October 1, 2019 at 11:20 am,
    CFS says:

    The market reversal this morning was due to Japan banking/interest rate policy reversal.

    NOT changes in US manufacturing numbers…..WE LIVE IN A WORLDWIDE MARKET.

  2. On October 1, 2019 at 3:18 pm,
    RICHARD/DOC says:

    Regardless, I believe the precious metal market was looking for a technical excuse to correct after such a sudden drop out of bed. It’s always interesting how the media always gives us reasons for moves in markets when it often is just due to the fact markets move up and down of their own volition regardless of particular news.

    • On October 1, 2019 at 3:55 pm,
      Nigel says:

      I agree with Doc, the ‘news’ is one of many factors and the narrative is usually constructed afterwards to reflect the move however irrational that move might be

      • On October 1, 2019 at 3:59 pm,
        Nigel says:

        which is also why I have issues with Technical Analysis, the narrative often follows the event