UPDATE:

ISM Manufacturing PMI: 50.9 vs 49.8 (forecast) and 49.2 (previous)

ISM Manufacturing New Orders: 55.1 vs 52.1 (previous)

Almost no one is talking about the reemergence of the US manufacturing sector from its ~2.5 year period of contraction.

Life is about to get (much) cheaper in #Bitcoin terms over the coming quarters, I suspect. 👀

#macro

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