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On the SPOT™ blog (08/03/2023) [C..]

Labor department's data showed that productivity rose in Q2 above estimates. Last week's jobless claims were line with estimates. ISM's data showed that services sector expanded less than estimated in July. I think, at the moment, data mostly suggests that Feds have a good handle over their balancing act of curbing inflation and avoiding the economy to fall into a recession. Remains to be seen how things play out. Markets seem to be relatively calm compared to yesterday. This morning (PST), DJIA and S&P500 are in slight red near the flat line and Nasdaq composite seems to be in slight green near the flat line. Apple and Amazon results will perhaps provide more insight into the economy.

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