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Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.

What triggered another #Quad4 Day? A: Another “bad = bad” #Quad4 US economic release (this one wasn’t leaked FRI!):

A) USA’s ISM remained in contraction at 47.2 in AUG
B) ISM New Orders collapsed to 44.6 in AUG which was the weakest level in 16 months!

And, don’t forget, we’re nowcasting SEP growth and inflation data slowing faster from there.

CHART OF THE DAY: ISM | BAD NEWS = BAD - chart9.4

If you're tired of MSM/CNBC narratives and BS financial research, we encourage you to take a closer look at the Early LookYou can thank us later.