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U.S. Economic Data Kicks China Worries to the Curb

August 13, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks started the day in the red after traders responded to weak economic reports out of China. Ben Willis of Princeton Securities said that when our own reports on the ISM non-manufacturing index came in better than expected, the market recovered. He has also been watching the commodities move higher over the past few months and he believes those movements signal a slowly growing economy. Willis mentioned cotton and nickel as examples of the high priced commodities.

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