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Q2 Rebound Fail: Chicago PMI Drops, Misses By Most Since March

Tyler Durden's picture




 

Following last month's "see, the Q2 rebound is a real thing"  exuberance, Chicago PMI re-tumbled in June to 62.5, its biggest miss in 3 months. This is the biggest headline drop since March as inventories rose, order backlogs fell, and new orders fell. On the bright side (despite the fall in new orders, employment rose). It seems the hopes and dreams of Q2 are fading.

 

 

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Mon, 06/30/2014 - 09:51 | 4909330 halfasleep
halfasleep's picture

Seems scripted..

Mon, 06/30/2014 - 09:54 | 4909339 Headbanger
Headbanger's picture

Must be the rapidly rising temperatures in Chicago since winter that are to blame.

Mon, 06/30/2014 - 13:22 | 4910201 Hal n back
Hal n back's picture

too humid to go out and shop

Mon, 06/30/2014 - 09:53 | 4909333 AccreditedEYE
AccreditedEYE's picture

You can't talk sense to this market. All you can do is BTFATH... Especially on a holiday-shortened week.

Mon, 06/30/2014 - 09:53 | 4909334 skbull44
skbull44's picture

It's the weather, right?

 

http://olduvai.ca

Mon, 06/30/2014 - 09:56 | 4909347 Smegley Wanxalot
Smegley Wanxalot's picture

The weather in Q2 unexpectedly was warmer than in winter, causing orders to drop and a prolongulolatory economic vortex that is a direct result of my driving a truck, or something.

Mon, 06/30/2014 - 10:50 | 4909495 Handful of Dust
Handful of Dust's picture

El Nino....or is it, un Amigo?

Mon, 06/30/2014 - 09:54 | 4909336 sidiji
sidiji's picture

more easing imminent should be good for stocks.

Mon, 06/30/2014 - 09:56 | 4909348 B2u
B2u's picture

Ooops....

Mon, 06/30/2014 - 09:57 | 4909351 insanelysane
insanelysane's picture

The NY fed will show up with a reported 1,000% increase in manufacturing activity to rally the markets.

Like the old South Park episode.

"So you have a 1,000% increase in manufacturing?"

"We are reporting a 1,000% increase in manufacturing."

"So manufacturing increased by 1,000%?"

"We are reporting that manufacturing increased by 1,000%."

"Oh, ok"

Mon, 06/30/2014 - 09:58 | 4909352 _ConanTheLibert...
_ConanTheLibertarian_'s picture

It's that goddamned lake next to Chicago.

Mon, 06/30/2014 - 10:04 | 4909360 NoDebt
NoDebt's picture

Still over 50.

Then again, it was still over 50 when we printed a -2.9% GDP number for Q1.  So, take what you will from "survey" numbers.  

Mon, 06/30/2014 - 10:05 | 4909368 Eyeroller
Eyeroller's picture

Still over 50 -- bullish!

Mon, 06/30/2014 - 10:05 | 4909367 NoIdea
NoIdea's picture

Still an expansion though, right? So not a complete disaster

Mon, 06/30/2014 - 10:06 | 4909370 NoDebt
NoDebt's picture

Whoa!  Are you my evil twin?

Mon, 06/30/2014 - 10:54 | 4909511 NoIdea
NoIdea's picture

Aren't you the evil one?

Mon, 06/30/2014 - 10:08 | 4909376 Dr. Engali
Dr. Engali's picture

Numbers out of Chicago are as fake as Pamela Anderson's tits.

Mon, 06/30/2014 - 10:13 | 4909384 NoDebt
NoDebt's picture

Pro Wrestling, though- still real.  Vince McMahon has done a fabulous job of making sure the competitions are fair, refereed impartially and that there's no cheating or collusion.  I put him almost on par with Donald Trump.

Mon, 06/30/2014 - 10:50 | 4909500 Handful of Dust
Handful of Dust's picture

"Numbers don't lie."

 

BaaaWaaaHaaaa!

Mon, 06/30/2014 - 11:02 | 4909535 orangegeek
orangegeek's picture

Sure - in the 60s while Q1 GDP was -2.9%

 

Lie, cheat and steal - the new norm for the masses

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