Exposure rates of the Dorval Asset Management Range – 24th May 2019

Poor Markit business survey indicators in the US in May (cf. chart 1) are prompting some to wonder if an economic shock is brewing in the country.

But this is hard to believe, as fundamentals look sound. However, these figures do increase the likelihood that the Fed would need to cut interest rates to ensure a soft landing for the world’s leading economy.

 

European surveys stabilise, US figures plummet sharply
Markit business surveys (industry and services) – composite PMI

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