Bridgewater: Do Not Fear The Manufacturing Slump

Don’t let recent negative manufacturing data paint a negative picture of the U.S. economy, notes a recent strategy note sent to Bridgewater Associates investors reviewed by ValueWalk. The real U.S. economic story is likely to be found elsewhere. [dalio] ISM Manufacturing numbers slump due to weak foreign demand, the latest excuse The Institute for Supply Management (ISM) survey measuring U.S. manufacturing dropped to its lowest level in two years in September. The reading of 50.2 in September, down from 51.1 in August, is approaching the demarcation point, that line in the sand between an expanding and contracting economy. The October…