PMI “Consistent with GDP Growing at an Annualized rate of Just 1.2%” May 23, 2019 Off By Mish The Markit composite PMI is barely above contraction level. Economic activity in the US is at the stall rate. New Home Sales Decline 6.9%, But From Upwardly Revised Numbers Stocks Rattled on Trade Talks: Full-Blown Trade War Becomes Base Case
