US ISM Non-Manufacturing PMI (just out)Seen this coming after the increase in labor, I think that I`m right when I said that the FED should have done another.75% hike so now we have to wait till the FED next decision to act and with the increase in labor and manufacturing will keep inflation higher as Oil heads higher. Mixed reading at its best. $77 Oil is nothing to celebrate but it's better than $75- hit overseas last night. All the cards are on the table for next week after dealing with OPEC and FED next EU what will Russia do, Russia is probably more focused on how to avoid all this, and with Iran and Russia now on the road to having combined bank accounts they plan on being a force to reckon with when it comes to Oil and NG hurting demand and prices with lower priced Oil. I thought by Friday we would be back to $79 Oil not yet.
US ISM Non-Manufacturing PMI 