How are you reading the services-versus-manufacturing split?

Manufacturing surveys are soft (Empire State report) while services readings tell a different story (ISM services report). The split shapes the growth and inflation debate.

How are you reading the services-versus-manufacturing split? — risk-reward diagram
A risk-reward ratio of 1 to 2

Post your read:

  • which sector you trust as the better signal
  • how the split feeds your rate expectations
  • the currency implications you draw
How are you reading the services-versus-manufacturing split? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Background: PMI explained.

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