That debate might be over -- or at least on a break. The S&P PMIs are some of the most-comprehensive measures of business confidence and the survey of the service side bounced strongly in March despite non-stop tariff angst in the news. There are some concerns in the report like the troubling drop in optimism on the outlook to the 2nd lowest since 2022 but for now, businesses are taking a measured view.
I don't think there is any big signal in this data or the reports out of the White House on the weekend. It could all be upended with the next tweet but that's just the landscape of trading right now.
Ultimately, we have to wait until April 2 and deal with whatever comes.
This article was written by Adam Button at www.forexlive.com. Read More Details
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