The markets are lower this morning, on the heels of a couple of weak economic reports on manufacturing. The Empire State Manuf. Index came in at 5.1, well below the 18.0 estimates, and also down from last month’s reading of 19.6. The Philly Fed Index also contracted, falling to 5.1 in July (vs. 10.0 consensus) from the prior month’s reading of 8.0.
The Jedi Principle runs so:
If you need the Jedi in order to make your project work, don’t start.