Soft Economic Data Falls Short of Threatening Soft Landing Expectations

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In hisDaily Market Notes report to investors, Louis Navellier wrote: The 10-yr yield is back over 4%, and stock indexes are modestly lower early with the exception of the Dow. Soft Landing StillEconomic data came in slightly softer than expected, though not enough to threaten the soft landing expectations. The JOLTs job openings was expected to be flat and was down incrementally, the lowest since Apr’21, though still close to 10M. ISM manufacturing data was all modestly below forecast as well, with employment at a multi-year low, albeit new orders were better for the third month in a row thoug…

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