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Takeaway: We're kidding.

ISM Employment: So Bullish You Have To Buy Stocks! - ism mfg 8 1

Today's ISM Employment number is back to contraction. That 49.4 reading? It marks the 7th month in the last 8 in which the Employment index has been sub-50. Meanwhile, the headline ISM Manufacturing reading of 52.6 also fell from the prior month. That's not going to end The Bull that remains The Long Bond. 

In other words, the #GrowthSlowing trend remains firmly intact.

Still bullish?