Manufacturing Weakness Could Signal Trouble for the Economy
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U.S. manufacturing shows significant weakening with S&P Global U.S. Manufacturing PMI at 47.9 in August 2024; Kamala Harris faces economic challenges if elected; JPMorgan Global Manufacturing PMI at 49.5, indicating global manufacturing decline; Sahm rule activated with July unemployment at 4.3%, predicting recession; yield curve inverted for 783 days, now positive; Peter Berezin predicts S&P 500 could drop 30% to 3,800; first Fed rate cut expected September 17-18, 2024; economic outlook uncertain, advising portfolio reevaluation.
#Economy #Manufacturing #Recession #Investing #KamalaHarris #FederalReserve #S&p500 #YieldCurve #LaborMarket #Inflation
https://www.usfunds.com/resource/manufacturing-weakness-could-signal-trouble-for-the-economy/
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