Wed 1st March 2023 - bonds up stocks down

 Check out today’s heat map:

3 of 11 sectors closed green. Energy (+1.97%) led, and utilities (-1.65%) lagged. 💚

In economic news, the S&P Global U.S. Manufacturing PMI hit a three-month high in February. ISM Manufacturing PMI contracted for the fourth straight month in February, after 28 months of growth. And mortgage demand fell to a 28-year low as mortgage rates near new cycle highs. 🏭

Internationally, China’s factory activity saw its sharpest increase in a decade as its economy reopened and the government took steps to stimulate activity. 🌍