decent overnight data has faded on a weaker than expected ISM Manufacturing survey and a consumer sentiment reading dropping 2 points for February.
spirits have to be constrained by justifiable concerns over the state of the
global economy (read the state of global trade, which is now reflecting in the
data virtually across the board).
this morning makes sense, traders are for the moment missing the fact
that such news inspires the powers that be (bigtime!!) to come to a trade deal sooner than later…