Ugly data this morning had stock markets leaking lower into and beyond the open, and then Chicago PMI's total and utter collapse hit the tape... and this happened...
[6]
Which explains how after notablke downgrades to GDP, a drop in consumer sentiment, and massive misses for ISM Milwaukee and Chicago PMI - stocks are unch to higher.
On a side note, "Most Shorted" stocks are cratering this morning (which probably means more ammo for the ubiquitous Friday close meltup and Nasdaq 5000 run)...
[7]
Charts: Bloomberg
