ISM Report Signals Economy is Growing

[MTRIG]

The ISM Report released today shows that the economy is growing at a fast pace. First Trust Advisors released a report today stating, in effect that "this report removes any doubts, the U.S. is no longer in recession." One of many reasons is that the ISM index is over 50 which is an indication of expansion, below 50 contraction. Economists were looking for 50 and 52.9 blew past estimates.

The full ISM Report is at this link.