U.S. manufacturing PMI hit its strongest level in three years, catching markets off guard. Manufacturers are ramping up production and new orders. The speaker bought the S&P 500 on the surprise.
Breaking news for the American economy. Surprisingly positive. This chart shows you the business confidence of the manufacturing sector in the US and the new data just came out and surpassed every single reading of the last three years. All of this while financial markets were expecting a lower reading. So while financial markets were betting against the American economy, American manufacturing companies have been issuing new orders and increasing production by huge margins. So now financial market has to kind of reprice their bets. And that's why I just bought the S&P 500, just for a quick scalp. This is not financial advice for you financially illiterate, gambling addicted fucks of the digital space. So chill down, dude, all right?
