The Dow Jones Industrial Average trades near 53,050, more than 400 points lower on the session, after two of the strongest American data points of the month arrived in the same 12:30 GMT block and were sold on delivery. Manufacturing in the mid-Atlantic region printed a five-year high with a six-month outlook at its best since August 1983, and weekly jobless claims came in at 206K against a 210K consensus and a 212K prior. Neither is a soft number, which is exactly the problem.
The best six months since 1983, on paper
The Philadelphia Fed’s current activity index rose to 47.4 in August from 41.4, against a consensus of 25, making it the…
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