Daily Note | April 3, 2024 | Bad News Is Good News

Apr 03, 2024

∙ Paid

Markets have rebounded from their early losses following a poor ISM Services data point. Th S&P opened down for the third day in a row until the ISM PMI came out at 10am EST at 51.4 vs an expectation of 52.7. This is a classic bad news = good news result.

This comes as the ADP employment data showed that private payrolls grew by more than expected in Mar…

Keep reading with a 7-day free trial

Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.