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Will Commodities and Crypto catch up to current PMI readings?

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ECONOMICS:USBCOI   United States ISM Purchasing Managers Index (PMI)

  • PMI readings (services and manufacturing are in an uptrend
  • Stocks and Gold are in line with current PMI readings (e.g. services PMI)
  • Commodities (WTI/Oil) and Crypto are lagging behind and may catch up to current PMI readings

YoY%-Changes of all assets are shown in the following chart:

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