While 'hard' data has been improving recently albeit then downwardly revised a month later, it is the 'soft' survey data that has collapsed amid Bidenomics. Source Bloomberg And this morning continued that trend as S&P Global's US Manufacturing PMI survey fell from 51.9 in March to 50.0 as the final print for April 49.9 flash. ISM's Manufacturing survey also missed, dropping from 50.3 to 49.2 contraction. Source Bloomberg Chris Williamson, Chief Business Economist at S&P Global Market... Read this story
