thank g*d we got a bad # to get things rolling higher in stocks again

This isnt a bad number. The opposite. Activity expanded for the 15th month in a row, but slightly moderated. No, this is new ATHs by EOD.

Amen brother.....at least for 5 minutes...but I will take it!

so PMI data in monday is fake ....

more than 50 is alredy good.

I highly doubt somebody just pulled a number out of thin air and reported it to the world Monday. So, no, I doubt it was fake.

I suspect what he meant by "bad" was lower than consensus and lower than the prior month (thus continuing a trend downward). To your point, it is still above 50, aka "expansion", but what if signified (as was evidenced by the initial pop in equities), is a result that could be used to help support the FED's 'we are moving in the right direction' narrative. The payroll number earlier today,by contrast, undermined that narrative, and we saw how the market reacted to THAT!

Lol. Very small change on the downside and stocks fly like there is no tomorrow=)))) f...ng casino ))

Slightly weak report. Not as weak as the market reaction would lead you to believe.

Compared with the manufacturing sector, while both sectors are growing, the rate of change in the services sector is slowing down compared to manufacturing, which is speeding up.

Economic activity in the services sector expanded, marking growth in 45 of the last 46 months. Expansion continued but at a slower pace compared to previous months.

Business Activity Index increased slightly to 57.4 percent, indicating continued growth in business activity.

Twelve service industries reported growth, with the highest in Accommodation & Food Services, Professional, Scientific & Technical Services, and others.

Prices Index decreased to 53.4 percent, but still indicated rising prices for materials and services. Price increases are continuing, but there's an indication of some stabilization as the Prices Index remains below 70 percent for the 12th consecutive month.

Employment Index showed a marginal increase to 48.5 percent, suggesting employment contracted but at a slowing pace. <--- Same as ISM Manufacturing.

The decrease in the composite index is mainly due to slower new orders growth and a decline in the rate of growth in employment.

Decreases in employment were noted in Mining, Transportation & Warehousing, Real Estate, Rental & Leasing, and Information sectors.

all news can be manipulated for intrest and needs (80% news is fake)
Only believe about news in strong trend.
for smart money, "what public believe" that is gain for smart money because "the forex market is zero sum game"

We must take this into some recent historical (and technical) context as well though. Contrarians were looking for a reason for the market to pop. Yesterday's ROUT may have been the catalyst. The Nasdaq was down 6 out of the past 7 days. All major indices were touching/playing around with support TLs and SMAs. ANY "good" (or perceived as good) news was likely to cause a relief rally. Due to the magnitude of the downward slide yesterday, this meant it could be sizable.

In the grand scheme of things, today is "up" that much. It just seems like a lot because it started from being down low on the ployment data from earlier.

Keep in mind: the futures markets were up quite a bit on Sunday open. That reversed substantially Monday and Tuesday, into this morning. Yes, markets typically fall faster than they rise, but a retracement from yesterday's lows (and this mornings lows) is completely consistent with a move further to the downside (OR a reversal to continue the upper trend...for which I am hoping). The point is, if you were to "call" a bounce, this was the time. What happens next will depend on some speeches (FEF reactions to these numbers) and the other data coming this week.

It is a time or clue for entry BTC/USD for the upcoming Halving opportunities. History says after halving Bitcoin may rise towards 100000-150000 USD

is this bad? better than EU also ECB rate cuts in june but dollar falls )

Dollar is fall. But, Why did JPY fall together?

Not convinced the indices are going to hold for north. Market was in cash after downdraft so any excuse for a bounce would hold up. NAS looking strong but DJI not so flash. Still the bots are running the show, so let's see the rest of this week brings.

Nice to see you pop your head in the door again Jay, only need James now and it's a hat trick.