Investors got their first taste of May data, but still seem happy to buy the dip, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
US ISM data shakes markets, but only briefly
The decline in the ISM PMI figure today might point the way to how data will turn out in the weeks to come. The problem for investors is that it’s hard to know if the tariff pauses and deals we have seen will help to repair any poor figures. Data from March and April were dismissed as being too early to provide an insight into the US economy, but from the looks of the market reaction it seems that May’s data might get ignored too.”
For investors that piled out of US stocks in April, the big question is whether they can continue to remain aloof from the continued rally, or will they be dragged back in again, if only at a cautious pace. If they are, then this market might yet surprise everyone by continuing to rebound in coming weeks.
作者：Chris Beauchamp，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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