🚨 Weak ISM for 5th straight months: US heading for a recession? 🚨

US market slump heavily on first trading day of September amid looming recession fears.

Is recession coming soon? #USrecession

On 3rd Sept, Institute for Supply Management’s August PMI remained relatively flat, inching up slightly to 47.2% from an eight-month low, 46.8% in July.

A reading below 50.0% on a PMI index signals economic contraction. 

Last month the SAHM Rule was indicating that recessing is coming, now the PMI remained below the 50 threshold for the fifth straight month. US job openings also fell to lowest level since Jan 2021, causing recession fears on the verge of becoming a reality.

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