ISM non-manufacturing index for August 2016 is bad
September 6, 2016
Stock market and ISM non-manufacturing index
The stock market relies on fundamentals and broader economy.This is common sense.Today ISM non-manufacturing index for August 2016 was released.A major negative surprise,yet above 50 indicating expansion.
Initially the US dollar was weakened significantly against major currency pairs.The US stock market shows little movement to this negative surprise.