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Good News From the ISM Index?

January 06, 2012 | ,

On Tuesday, the ISM factory index for December was released, with last month’s level reaching 53.9, the highest since April. Perhaps more importantly, this was above expectations of 53.5, thus providing an unexpected surprise to the upside to kick off 2012. Stocks and commodities rose in reaction to the better than expected data, and while the economy is far from back to full health, this was welcome news to kick off the 2012 year in the financial markets.

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