Bullish ISM data and some thoughts on stall speed
The February 2019 Non-Manufacturing ISM data were very bullish. Both the headline and the major subindices showed a lot of strength. And for me that indicates the 0.3% number on the Atlanta Fed GDPNow tracker will move up markedly as more data become available. Some expanded thoughts below
Is this re-acceleration?
Here's the chart of the data.
![ISM NMI 2019-02.png ISM NMI 2019-02.png](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3912545-2b17-4403-8730-eb5e3947d2d5_555x937.png)
The big ques…