The Chart below is from http://www.calculatedriskblog.com/. As you can clearly see, the August ISM PMI didn't catch up with the falling Avg. Philly, NY Index and the Avg. Fed Surveys. The Bears got smashed yesterday as the Index posted a rise to 56.3 % instead of a decline, as expected from traders and investors. The current market setup suggests that it will take a little bit more time to put a top on the markets.
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