Strong January ISM Helps Market Recoup All Friday Losses

February 1, 2011 at 8:20 am  ·  Category: Market Commentary

I really thought the riots in Egypt would be the negative catalyst that would set off that correction, but the market shrugged it off after a day.

Mark Tepper, Managing Partner, Strategic Wealth Partners

January Manufacturing ISM came in at a better than expected 60.8 this morning.  As a result, the market has currently recouped all the losses from Friday’s selloff.

sp-5-day-chart

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 
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