“Chicago PMI ticked 51.6. Consensus was for 55.0. It's the largest monthly drop in over four years…Activity dropped back in June following the large rise in May… while these latest data point to some weakening between the first and second quarter, it is too early to say if this will continue.” - Philip Uglow, chief economist at MNI. Story at…
Elsewhere in this article it was suggested that part of the PMI drop may be due to weather conditions.
US CONSUMER SENTIMENT COMES IN HIGHER THAN EXPECTED (Reuters)
“U.S. consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey released on Friday showed.” Full story at…
Friday, the S&P 500 was down 0.4% to 1606 (rounded).
Sentiment, Price, Volume and VIX are all neutral, but leaning to the down side.