Tom Essaye’s Macro overview on Bulls, Bears, & Blockchain – episode #011 (Part 2 of 2)

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We have to be concerned about the possibility of stagflation now that temperatures are either too hot or too cold. Both the manufacturing and services PMI have acted as a precursor to disinflation, decreasing in late quarters of last year. These indices have recently evened out, which could indicate the halting of disinflation. To help the market recover, we need to see a decrease in the price indices of both manufacturing and services PMI.

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