ASA Takeaways From Jackson Hole & Recent Economic Data

A lot of ground was covered this past week. The data is still relatively mixed. We have seen worse than expected numbers come out of flash manufacturing and services PMI for August, at 51.3% and 44.1% respectively, compared to the median forecasts of 51.9% and 49.0%. New home sales dropped 12.6% in July compared to …

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