Weak Flash PMI

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With all the excitement on Friday, I didn’t even have a chance to mention the one economic report of note that came out pre-open (and, indeed, just about the last important one until we’re well into 2023). Here we see the Flash Services PMI, as the economy continues to circle the drain, twirling us into a cataclysmic recession for 2023. It’s going to be quite a year for trading!