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Why We May See a Stock Market Crash Earlier than Trump Thinks

Mayur Sontakke, CFA, FRM
Why We May See a Stock Market Crash Earlier than Trump Thinks

May’s PMI numbers were not very encouraging. The manufacturing PMI released by IHS Markit came in at 50.5, the lowest since September 2009 when the economy was just trying to come out of the shadows of the global recession. While the reading still indicates expansion, the pace of expansion is the lowest in almost a decade.