Strong January ISM Helps Market Recoup All Friday Losses
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.