Daily Briefing: What Does the Data Say?
Equity indexes slipped into negative territory Monday afternoon and the U.S. two-year/10-year yield curve inverted even further, as investors price in easing inflation and slowing growth. The Institute for Supply Management’s manufacturing index slipped to a 25-month low, and home prices registered the fastest cool-down in history during July. Meanwhile, whether Speaker of the House Nancy Pelosi touches down in Taiwan on Tuesday is more fuel for the conflagration that is the postwar geopolitical order. With the world’s most important central bank now “data dependent,” Real Vision macro analyst Roger Hirst joins Maggie Lake to contextualize recent economic reports and explain how to use them to make better investment and trading decisions – one of the key elements of the brand-new Real Investing Course from Real Vision. We also hear from Weston Nakamura about recent price action on the critical USD/JPY front. Watch Weston's latest video here: https://rvtv.io/3zPUZCv.
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