New York Business Conditions Collapse

Just in case you thought the ISM number was a flukey ‘transitory’ one-off, the New York City ISM just plunged to its weakest since 2009, with the outlook collapsing.

Source: Bloomberg

And ahead of Friday’s payroll print, NYC ISM’s employment index plunged to 52.5 from 69.0.

It’s getting harder for stocks to ignore reality.