Weekly review

After some days absent i'm back. In my last post i was expecting the ocurrence of the black tuesday. FED saw the same problems than me and balanced the bear sentiment with a bull tax cut of 75bps, na emergency cut.

Since then, another cut in the FED rate, and some extra indications about the slowdown of the american economy had inspired the movements of the markets.

From all the data that become available during these days I classify has most important the good ISM manufacture, the bad ISM services and the labour market data. From these indicators one can see that the services sector, which account to 90% of the US economy is loosing momentum

(note: i was interrupted when i was writting this post, one week ago, so now it makes no sense to write about market scenarios in the past, so this post ends here!)