WS #16694
The ISM Manufacturing PMI beat expectations at 55.5, indicating robust industrial activity despite geopolitical headwinds. Upcoming earnings from Shopify and Arista Networks will be closely watched for AI-driven growth signals, with Arista's 8-quarter beat streak setting a high bar. This macro resilience provides a floor for equities, though energy costs remain a key variable to monitor.
Macro Resilience and Earnings
The ISM Manufacturing PMI beat expectations at 55.5, indicating robust industrial activity despite geopolitical headwinds. Upcoming earnings from Shopify and Arista Networks will be closely watched for AI-driven growth signals, with Arista's 8-quarter beat streak setting a high bar. This macro resilience provides a floor for equities, though energy costs remain a key variable to monitor.