TraderWise

It has been a very telling day as I said this morning it would be.  ISM Services just came in at 51.5 versus expectation of 53 and previous month's 54.3.  Again, ISM Manufacturing gets all the press as if we still live in the economy of 40 years ago, but ISM Services is the much more representative report.  The S&P 500 sold off an entire 1.5 points on the knee jerk reaction.  Two weeks ago ...heck earlier this week, this would of caused a 2% swoon.