The Chicago PMI reading came in just shy of the Bloomberg Econoday Estimate of 54.9.
From time to time, we'll conclude our more remarkable posts with the phrase "Welcome back to the cutting edge!" We're going to do that again today.
Even in market areas that are underperforming, there always are some stocks and funds that hold up better than the rest, demonstrating remarkable relative strength.
U.S. stocks have endured a lot of turmoil but recent shocks have made apparent important facts about China and the shifting global economy long ignored by many analysts and investors. Those bode well for America and the bull market should soon resume.