Last night, the US November ISM Manufacturing Index was released, and the score of 48.2 has once again put the market on edge.
This number is not only below the market expectation of 49, but the more exaggerated fact is that this is the 9th consecutive month that the manufacturing index has stayed below the 50 threshold. What does that mean? It indicates that the U.S. manufacturing sector continues to be sluggish, and there are clear signs that the economic engine is losing steam.
What does this data mean for the market? Let me briefly break down the impact logic on the Federal Reserve and BTC
This number is not only below the market expectation of 49, but the more exaggerated fact is that this is the 9th consecutive month that the manufacturing index has stayed below the 50 threshold. What does that mean? It indicates that the U.S. manufacturing sector continues to be sluggish, and there are clear signs that the economic engine is losing steam.
What does this data mean for the market? Let me briefly break down the impact logic on the Federal Reserve and BTC
BTC-1.79%

