8/22 Daily Plan: Starting to Set Stops and Look at Hedges
Ahead of Jackson Hole
Good morning folks -
This morning we got 3 more economic data points that investors are now balancing with the holistic picture:
Unemployment claims slightly above expectations (232K VS 227K PREVIOUS, EST 232K)
Services PMI above expectations (55.2 VS 55.0 PREVIOUS, EST 54.0)
Manufacturing PMI below expectations (48.0 VS 49.6 PREVIOUS, EST 49.5)
Along with…