Descripción
⋅ Markets are now very sensitive to data.
Worse ISM on Tuesday and worse ADP yesterday
have sent stocks lower and have generated a broad risk-off tone.
Today everything hinges on the ISM Non-Manuf.
report due at 16.00 CET.
If, as we expect, the print comes in worse, we will look to sell the Dow.
Target is 25250s.