Selmax,
From the CNN website:
The Philadelphia Fed index, a regional reading on manufacturing, fell to 8 in June from 21.4 in May, missing forecasts for a drop to 20, as activity slowed far more than expected.
Another report, LEI, rose 0.4% in May versus forecasts for a rise of 0.5%. LEI was flat in April.
By the way I am agree with you about the short term trend.
"flash friday", page-7
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