The overreaction to the manufacturing slump

A negative September reading of industrial activity shouldn't set off alarm bells.

To view this email as a web page, click here     The Overreaction to the Manufacturing Slump     Last month's Purchasing Managers' Index seemed to reinforce the popular narrative that trade tensions are causing a manufacturing slowdown. But declining industrial sentiment is likely due to headwinds in energy and aviation, not tariffs.   READ THE FULL STORY     The Stock Market Isn't Worried About Recession Chatter At just 2 percent below this summer's record high, the stock market is bullish and appears unfazed by the looming Brexit deadline and other uncertainties both international and domestic. LISTEN AND SUBSCRIBE      Unsubscribe | Privacy Policy | Website  JPMorgan Chase, 10 S. Dearborn, Mail Code: IL1-0723, Commercial Banking Marketing, Chicago, IL 60603-3403, United States. The material contained herein is intended as a general market commentary, in no way constitutes J.P. Morgan research and should not be treated as such. Further, the information and any views contained herein may differ from that contained in J.P. Morgan research reports. ABOUT THIS MESSAGE: J.P. Morgan, Chase and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its subsidiaries worldwide. Products and services may be provided by commercial bank affiliates, securities affiliates or other JPMC affiliates or entities. © 2019 JPMorgan Chase & Co. All rights reserved.