Two Terrible Manufacturing Reports in Two Days

Just 2 days into 2023 and we've already had two terrible reports on the state of manufacturing in the United States. The Purchasing Manager's Index (PMI) from both S&P Global and the Institute for Supply Management show manufacturing in the United States is in steep decline.

Chapters:
0:00 Intro
0:22 S&P Global US Manufacturing PMI report for December 2022
2:21 ISM Manufacturing PMI report for December 2022
3:26 Oil and Commodity Traders Beware!

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#PMI #Recession #MelonHead