Things Are Escalating, Quickly...

EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOWhttps://www.eurodollar.university/sales-page-springMonday's "strong" ISM manufacturing data sparked a whirlwind of inflation fear(mongering). Today's far more important and weak ISM non-manufacturing data barely took any notice. Why is that? The answer is obvious even though the latter series on services is far more important for the overall economy especially since these estimates for it are highly correlated with so many other critical variables. Eurodollar University's Money & Macro AnalysisBloomberg June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Datahttps://www.bloomberg.com/news/articles/2024-04-01/treasury-yields-extend-climb-after-strong-ism-factory-gaugeshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU