The catalyst
USA S&P Global Manufacturing PMI For October 56.0 Vs 55.4 Est
The thesis
U.S. S&P Global Manufacturing PMI rose to 56.0 in October versus the 55.4 estimate, signaling stronger-than-expected manufacturing activity. Source: Benzinga.
Factory activity beat estimates, giving broad-market bulls a fresh macro print to trade.
Cleared the 75 line by 2.
USA S&P Global Manufacturing PMI For October 56.0 Vs 55.4 Est
U.S. S&P Global Manufacturing PMI rose to 56.0 in October versus the 55.4 estimate, signaling stronger-than-expected manufacturing activity. Source: Benzinga.