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.
The big ques…