To gain an edge, this is what you need to know now.
ISM Data
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capsule, we wrote:
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ISM Manufacturing Index will be released at 10am ET. This data has the potential to move the markets.
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The concern about the ISM data has brought selling into the strength generated by China PMI. Without the excellent China PMI number, this morning the stock market would have likely been down several hundred DJIA points.