Suddenly Impatient Sentiment

By |2017-05-23T18:15:57-04:00May 23rd, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Two more manufacturing surveys suggest sharp deceleration in momentum, or, more specifically, the momentum of sentiment (if there is such a thing). The Federal Reserve’s 5th District Survey of Manufacturing (Richmond branch) dropped to barely positive, calculated to be just 1.0 in May following 20.0 in April and 22.0 in March. It follows an all-too-familiar pattern, where sentiment spiked to [...]