Chicago PMI At 62.3 Versus Expectations Of 56 Print

It appears the earlier market rumor about a Chicago PMI of 53.6 that sent the SPOOs another leg lower were incorrect. Now if only the administration can please reconcile the drop in the economy with the PMI surge all will be forgiven. In the meantime stocks keep trading from headline to headline. Categories posting improvement include Employment, New Orders, Order Backlogs, Inventories and Production, while Prices Paid decline again.