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JEPI - U.S. Stall? Only Half The Imagined 'V' May Indicate One Too
JPMorgan Equity Premium Income
These are not numbers that are consistent with a robust rebound. In fact, they don't indicate very much of one at all. IHS Markit's flash PMIs for July 2020 instead look way too much like the sentiment indicators in Germany and Japan. Though they are now back near 50, both services and manufacturing, that doesn't actually indicate what everyone seems to think it does.
For July, the headline manufacturing index came in at 51.3, up from 49.8 in June. The service index was still less than 50, just 49.6, putting the composite number at