Today's economic data appears to be turning investors' focus to state of the economy. This morning (PST) all three major US indices appear to be in slight red but fluctuating as investors assimilate the news that private sector jobs rose less than expected (ADP data) and non-manufacturing PMI reading was below expectations (ISM data). In general, it appears as if inflation might be cooling and economy might be slowing. Let's see how the markets finish as this still appears to be within the "soft landing" scenario.
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