MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
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The ISM Services Data: A Forward Looking Indicator
Goldman Sachs said ADP employment growth had picked up in June in six of the last seven years and by 193,000 on average. The ISM services data is often considered a lead indicator for interest rates. And so that's why kind of stocks freaked out a little bit on Thursday in the face of this super strong US data.
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